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

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

Benzinga
August 15, 2025

DALLAS, Aug. 15, 2025 (GLOBE NEWSWIRE) -- HF Sinclair Corporation (NYSE and NYSE Texas: DINO) (the "Corporation") today announced the pricing terms for its previously announced cash tender offer (the "Tender Offer") to purchase any and all of its outstanding notes listed in the table below (collectively, the "Notes" and each a "Series" of Notes). All other terms and conditions of the Tender Offer remain unchanged and are described in the Offer to Purchase, dated August 11, 2025 (the "Offer to Purchase"). Capitalized terms used in this news release and not defined herein have the meanings given to them in the Offer to Purchase.

The applicable consideration to be paid in the Tender Offer for each Series of Notes accepted for purchase was determined by reference to the applicable fixed spread specified for such Series of Notes over the yield (the "Reference Yield") based on the bid-side price of the applicable U.S. Treasury Securities set forth in the table below (the "Tender Offer Consideration"). The Reference Yields listed in the table below were determined (pursuant to the Offer to Purchase) at 2:00 p.m., New York City time, today, August 15, 2025, by the Lead Dealer Managers.

The following table sets forth the pricing information for the Tender Offer:

Title of Security

CUSIP(1)

Aggregate Principal Amount Outstanding Prior to the Tender Offer

Reference U.S. Treasury Security

Reference Yield

Fixed Spread (basis points)

Tender Offer Consideration(2)

5.875% Senior Notes due 2026

403949 AB6

$153,585,000

4.250% U.S.T. due 12/31/25

4.226%

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