HF Sinclair repurchases $100M stock from REH Company at $55.14/share

HF Sinclair Corp

Repurchasing 1,813,565 shares from REH Company at $55.14/share for aggregate ~$100M.
This is the tenth privately negotiated repurchase with REH Company; shares held as treasury.
Repurchase under $1B buyback program (authorized Aug 15, 2023); closing expected Aug 25, 2023.
Total repurchases under program to date: $99,999,974 (including this transaction).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HF Sinclair Corp entered into Stock Purchase Agreement with REH Company (formerly known as The Sinclair Companies) valued at $99,999,974 (effective 2023-08-22).

Action: entry
Agreement: equity purchase
Counterparty: REH Company (formerly known as The Sinclair Companies)
Value: $99,999,974
Effective: 2023-08-22

Exact text from the filing

On August 22, 2023, HF Sinclair Corporation (the “Company”) entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) with REH Company (formerly known as The Sinclair Companies) (the “Selling Stockholder” or “REH Company”), pursuant to which the Company agreed to repurchase from the Selling Stockholder 1,813,565 shares of the Company’s outstanding common stock, par value $0.01 per share (the “Common Stock”), in a privately negotiated transaction.

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300 material agreements filed in the last 30 days. Browse all material agreements →

HF Sinclair Corp filing history →

Source: SEC EDGAR

accession 0001915657-23-000061

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