HF Sinclair Corp (DINO): debt financing — HF Sinclair completes exchange of $898.8M of HEP notes for new senior notes

HF Sinclair Corp

Tendered and accepted $399.875M of 6.375% HEP 2027 notes and $498.879M of 5.0% HEP 2028 notes.
Issued new 6.375% senior notes due 2027 and 5.0% senior notes due 2028 by HF Sinclair in exchange.
Cancelled the tendered HEP notes; untendered HEP notes remain outstanding with restrictive covenants eliminated.
Entered registration rights agreement to exchange new notes for registered notes within one year.
The exchange simplifies capital structure and transfers debt obligation from HEP to HF Sinclair.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HF Sinclair Corp incurred senior notes of $399,875,000 with Computershare Trust Company, N.A. at 6.375% per annum maturing April 15, 2027.

Instrument: senior notes
Principal: $399,875,000
Counterparty: Computershare Trust Company, N.A.
Rate: 6.375% per annum
Maturity: April 15, 2027
Event: incurrence

Exact text from the filing

$399,875,000 aggregate principal amount of 6.375% Senior Notes due April 15, 2027

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HF Sinclair Corp incurred senior notes of $498,879,000 with Computershare Trust Company, N.A. at 5.000% per annum maturing February 1, 2028.

Instrument: senior notes
Principal: $498,879,000
Counterparty: Computershare Trust Company, N.A.
Rate: 5.000% per annum
Maturity: February 1, 2028
Event: incurrence

Exact text from the filing

$498,879,000 aggregate principal amount of 5.000% Senior Notes due February 1, 2028

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HF Sinclair Corp entered into Second Supplemental Indenture with Computershare Trust Company, N.A. (effective 2023-12-04).

Action: entry
Agreement: notes offering
Counterparty: Computershare Trust Company, N.A.
Effective: 2023-12-04

Exact text from the filing

Second Supplemental Indenture (the "Second Supplemental Indenture"), to the Indenture by and between the Company and the Trustee, dated as of April 27, 2022 (the "Base Indenture" and, together with the Second Supplemental Indenture, the "Indenture"), with respect to the issuance of the following New Notes

View on SEC.gov

114 debt financings filed in the last 30 days. Browse all debt financings →

HF Sinclair Corp filing history →

Source: SEC EDGAR

accession 0001193125-23-288381

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.