HF Sinclair Announces Redemption of Certain Senior Notes

HF Sinclair Corporation has announced the full redemption of certain tranches of senior notes. The company is an independent energy producer that markets light products such as gasoline, diesel fuel, and renewable diesel. It operates in five segments: Refining, Renewables, Marketing, Lubricants & Specialties, and Midstream. The redemption of senior notes reflects HF Sinclair's financial stability and ability to meet its debt obligations.

HF Sinclair Corporation (NYSE: DINO) has announced the full redemption of certain tranches of senior notes, reflecting the company's financial stability and ability to meet its debt obligations. The energy producer, which markets light products such as gasoline, diesel fuel, and renewable diesel, has scheduled the redemption of its 5.875% Senior Notes due 2026, 6.375% Senior Notes due 2027, and 6.375% Senior Notes due 2027 of its wholly-owned subsidiaries, Holly Energy Partners, L.P., and Holly Energy Finance Corp. [1]

The redemption price for the 2026 Notes will equal the greater of 100% of the principal amount or the "make-whole" redemption premium, plus accrued and unpaid interest to the Redemption Date. For the 2027 DINO Notes and the 2027 HEP Notes, the redemption price will be 101.594% of the outstanding aggregate principal amount, plus accrued and unpaid interest to the Redemption Date. The redemption is scheduled for August 30, 2025, and will be funded by the net proceeds of the Corporation's registered offering of $500,000,000 aggregate principal amount of senior notes completed on August 18, 2025. [2]

The redemption of these notes demonstrates HF Sinclair's commitment to managing its debt portfolio effectively. By redeeming these senior notes, the company aims to enhance its financial flexibility and reduce its debt obligations. This move follows the company's earlier announcement of a cash tender offer to purchase all outstanding notes of two series, with pricing terms determined based on reference yields of U.S. Treasury Securities plus fixed spreads. [3]

HF Sinclair Corporation operates in five segments: Refining, Renewables, Marketing, Lubricants & Specialties, and Midstream. The company's operations span refineries in Kansas, Oklahoma, New Mexico, Wyoming, Washington, and Utah, and it supplies high-quality fuels to over 1,700 branded stations and licenses the use of the Sinclair brand to more than 300 additional locations throughout the country. The company also produces renewable diesel at two facilities in Wyoming and New Mexico and markets base oils and specialized lubricants in the U.S., Canada, and the Netherlands, exporting products to over 80 countries. [1]

References:
[1] https://www.morningstar.com/news/business-wire/20250820955479/hf-sinclair-corporation-announces-full-redemption-of-its-5875-senior-notes-due-2026-its-6375-senior-notes-due-2027-and-the-6375-senior-notes-due-2027-of-its-wholly-owned-subsidiaries-holly-energy-partners-lp-and-holly-energy-finance-corp
[2] https://www.nasdaq.com/press-release/hf-sinclair-corporation-announces-full-redemption-its-5875-senior-notes-due-2026-its
[3] https://www.stocktitan.net/news/DINO/hf-sinclair-announces-pricing-terms-of-cash-tender-offer-for-debt-4yv2tahfqymv.html