HF Sinclair Announces Pricing Terms of Cash Tender Offer of Debt Securities

Core Viewpoint - HF Sinclair Corporation has announced the pricing terms for its cash tender offer to purchase outstanding notes, with all other terms remaining unchanged from the previous Offer to Purchase [1][2]. Tender Offer Details - The total consideration for each series of notes accepted for purchase is based on a fixed spread over the yield of applicable U.S. Treasury Securities, with an Early Tender Premium of $30 per $1,000 principal amount of notes [2][4]. - The corporation expects to accept for payment notes validly tendered and not withdrawn by January 28, 2025, with a cap of $150 million on the 2027 Notes [6][8]. - The Tender Offer will remain open until 5:00 p.m. on February 7, 2025, unless extended or terminated [7]. Financial Information - The aggregate principal amounts accepted for purchase include: - 2027 Notes: $361,067,000 accepted from a total of $399,875,000 outstanding, with a final proration factor of 41.5% and total tender offer consideration of $1,018.64 per $1,000 [3]. - 2026 Notes: $448,090,000 accepted from a total of $797,100,000 outstanding, with a total tender offer consideration of $1,010.01 per $1,000 [3]. Company Overview - HF Sinclair Corporation is an independent energy company that produces and markets high-value light products, including gasoline, diesel fuel, and renewable diesel, operating refineries across several states [11][12].