debt
confidence high
sentiment neutral
materiality 0.60
HF Sinclair commences cash tender offer for up to $403M of senior notes due 2026/2027
HF Sinclair Corp
- Tender offer for any & all $153.6M of 5.875% notes due 2026 and $249.9M of 6.375% notes due 2027.
- Consideration based on fixed spread of 50 bps over reference Treasury yields; plus accrued interest.
- Expiration: Aug 15, 2025 at 5:00 p.m. NY time; settlement expected Aug 20.
- Offer conditioned on concurrent notes offering to raise sufficient gross proceeds.
- Lead dealer managers: Citigroup, Citizens, Mizuho; info agent D.F. King.
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