HF Sinclair repurchases 1.38M shares at $54.48 from major stockholder REH Company for $75M

HF Sinclair Corp

Repurchases 1,376,652 shares at $54.48 per share from REH Company for total $75 million.
Transaction is the 12th privately negotiated repurchase with REH Company, which holds ~13% of DINO shares.
Funded with cash on hand; shares to be held as treasury.
Repurchase is under previously authorized $1B program; total repurchases to date including this are ~$250M.
Expected to close on or around October 20, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

HF Sinclair Corp entered into Stock Purchase Agreement with REH Company (formerly known as The Sinclair Companies) valued at $75,000,000 (effective 2023-10-17).

Action: entry
Agreement: equity purchase
Counterparty: REH Company (formerly known as The Sinclair Companies)
Value: $75,000,000
Effective: 2023-10-17

Exact text from the filing

On October 17, 2023, HF Sinclair Corporation (the “Company”) entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) with REH Company (formerly known as The Sinclair Companies) (the “Selling Stockholder” or “REH Company”), pursuant to which the Company agreed to repurchase from the Selling Stockholder 1,376,652 shares of the Company’s outstanding common stock, par value $0.01 per share (the “Common Stock”), in a privately negotiated transaction. The price per share to be paid by the Company under the Stock Purchase Agreement is $54.48 per share resulting in an aggregate purchase price of $75,000,000.

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300 material agreements filed in the last 30 days. Browse all material agreements →

HF Sinclair Corp filing history →

Source: SEC EDGAR

accession 0001193125-23-257907

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