debt
confidence high
sentiment neutral
materiality 0.75
HF Sinclair prices $1.4B senior notes, upsizes tender offer to $1.05B
HF Sinclair Corp
- Priced $650M 5.750% notes due 2031 and $750M 6.250% notes due 2035 at 99.667% and 99.475% of par.
- Net proceeds to repay $350M of Holly Energy Partners revolver, fund tender offer for up to $1.05B of existing notes.
- Tender offer upsized from $900M; targets 2027 and 2026 notes with early tender premium of $30 per $1,000.
- Offering expected to close Jan 23, 2025; tender offer expires Feb 7, 2025, with early tender deadline Jan 23.
- Use of proceeds also includes general corporate purposes and capital expenditures.