HF Sinclair Corporation Initiates Cash Tender Offer for Debt Securities Up to $900 Million

On January 8, 2025, HF Sinclair Corporation (NYSE: DINO) disclosed in a press release the commencement of a cash tender offer named the Tender Offer, aiming to purchase debt securities with an aggregate value of up to $900,000,000. The intended purchase includes the Corporation’s 6.375% Senior Notes due 2027, the 5.875% Senior Notes due 2026 issued by the Corporation itself, and the 5.875% Senior Notes due 2026 from HollyFrontier Corporation. The stipulations and conditions of the Tender Offer are detailed in an Offer to Purchase, dated January 8, 2025.

The press release, provided as Exhibit 99.1 in the report, offers an insight into this financial move by HF Sinclair Corporation. This action is part of the Corporation’s strategic financial management and is subject to terms mentioned in the Offer to Purchase.

According to the exhibit attached, the Tender Offer involves meticulous procedures and specific criteria for accepting the offered debt securities, considering the purchasing order, priority levels, and caps. The corporation has designated BofA Securities and Citigroup as the Lead Dealer Managers for the Tender Offer, with D.F. King & Co., Inc. acting as the Tender Agent and Information Agent.

HF Sinclair Corporation emphasized that this news release does not amount to an offer to purchase or solicitation for selling the Notes and that the Tender Offer solely proceeds through the Offer to Purchase dated January 8, 2025.

The disclosure concludes with a cautionary statement regarding Forward-Looking Statements, emphasizing risks and uncertainties associated with such financial initiatives and the importance of compliance with the Private Securities Litigation Reform Act of 1995.

Investors and stakeholders, while considering participation in the Tender Offer, are advised to thoroughly review the associated terms and conditions as outlined in the Offer to Purchase to make informed decisions.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read HF Sinclair’s 8K filing here.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.