debt
confidence high
sentiment neutral
materiality 0.60
HF Sinclair launches up to $900M cash tender offer for three series of senior notes
HF Sinclair Corp
- Maximum aggregate purchase price of $900M across 2027 notes ($150M cap), 5.875% notes due 2026 (HF Sinclair), and 5.875% notes due 2026 (HollyFrontier).
- Early Tender Deadline: Jan 23, 2025, 5:00 PM NY time; Expiration: Feb 7, 2025, 5:00 PM NY time.
- Early Tender Premium of $30 per $1,000 principal; Total Tender Offer Consideration set at Jan 24, 2025.
- Conditioned on concurrent offering of senior debt securities with sufficient gross proceeds by Early Settlement Date (expected Jan 28, 2025).
- Acceptance priority: 2027 notes first, then HF Sinclair 2026 notes, then HollyFrontier 2026 notes; proration may apply.