debt
confidence high
sentiment neutral
materiality 0.55
HF Sinclair closes $1.4B senior notes offering; proceeds for tender offer and debt repayment
HF Sinclair Corp
- Issued $650M of 5.75% Senior Notes due 2031 and $750M of 6.25% Senior Notes due 2035.
- Net proceeds to fund cash tender offer of up to $1.05B for three series of existing notes.
- Also to repay outstanding borrowings under Holly Energy Partners credit facility; remainder for general corporate purposes.
- Notes issued under existing indenture with Computershare Trust Company, N.A. as trustee.