debt
confidence high
sentiment neutral
materiality 0.50
HF Sinclair announces early results and pricing of up to $1.05B tender offer for notes
HF Sinclair Corp
- Up to $1.05B aggregate purchase price for 3 series of notes; $150M cap on 6.375% Senior Notes due 2027.
- Early results: $361M of 2027 notes tendered, $150M accepted (41.5% proration); $448M of 5.875% notes (HF Sinclair) and $48.5M (HollyFrontier) fully accepted.
- Pricing: Total Tender Offer Consideration $1,018.64 per $1,000 for 2027 notes; $1,010.01 per $1,000 for 5.875% notes due 2026.
- Early Settlement Date set for January 28, 2025; financing condition satisfied.
- Tender Offer remains open until February 7, 2025; no further acceptances of 2027 notes expected due to cap.