HF Sinclair to repurchase 894,454 shares from REH Company for ~$50M at $55.90/share

HF Sinclair Corp

HF Sinclair to repurchase 894,454 shares from REH Company at $55.90/share for aggregate ~$50M.
Purchase price to be funded with cash on hand; closing expected on or around Dec 21, 2023.
This is the 13th privately negotiated repurchase with REH Company; shares will be held as treasury stock.
Repurchases made under existing $1B buyback program; total repurchased to date ~$323.6M.
Following settlement, 199,997,489 shares of common stock will be outstanding.

Key facts

Extracted from this filing and checked against the source text.

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

HF Sinclair Corp entered into Stock Purchase Agreement with REH Company (formerly known as The Sinclair Companies) valued at $49,999,979 (effective 2023-12-18).

Action: entry
Agreement: equity purchase
Counterparty: REH Company (formerly known as The Sinclair Companies)
Value: $49,999,979
Effective: 2023-12-18

Exact text from the filing

On December 18, 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 894,454 shares of the Company’s outstanding common stock, par value $0.01 per share (the "Common Stock"), in a privately negotiated transaction.

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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 0001193125-23-297866

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