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Form 8-K · Current Report · Filed 2025-01-23

HF Sinclair Corporation Completes $1.4 Billion Senior Notes Offering

On January 23, 2025, HF Sinclair Corporation completed a public offering of $1.4 billion aggregate principal amount of senior notes due 2031 and 2035.

Filer
Hf Sinclair Corporation DINO · NYSE
Filed
Accession
0001193125-25-011468
CIK
0001915657
Signal
Medium impactEnergy

Details

The offering was conducted through an underwriting agreement entered on January 8, 2025, with several financial institutions. The net proceeds from the offering will be used to fund a cash tender offer for existing notes, repay existing borrowings, and for general corporate purposes. Financial statements and exhibits related to the offering have been filed as part of this Form 8-K.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

New Major Contract Financial Instrument Agreement
Item 8.01

Other Events

Dividend Announced Rights Offering
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$35.44

Next session

+1.1%

Since filing

+158.1%

Latest close

$91.47

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from DINO reporting the same item, with the next session's move:

HF Sinclair Corp Announces Pricing for Senior Notes Offering and Increases Tender Offer+6.0%
HF Sinclair Initiates Cash Tender Offer for Up to $900 Million of Debt Securities+4.4%
HF Sinclair Presents Investor Update and Financials-4.5%
HF Sinclair Reports Third Quarter 2024 Results and Declares Regular Dividend-5.2%
HF Sinclair Presents Q3 2024 Investor Update-0.0%

Exhibits (3)

About Hf Sinclair Corporation

Hf Sinclair Corporation is an integrated energy company involved in refining, marketing, and distributing petroleum products. Its primary focus is on supplying fuel and specialty lubricant products, with operations that extend into petrochemicals and renewable fuels. Serving various sectors such as automotive, industrial, and agricultural, Hf Sinclair plays a crucial role in the energy supply chain by processing crude oil into refined products, including gasoline and diesel. The company's refining operations are strategically located across the United States, facilitating efficient distribution across diverse markets. With a commitment to sustainability, Hf Sinclair is also investing in renewable energy solutions and reducing carbon emissions. As a significant player in the energy sector, the corporation contributes to both local and global energy supplies, impacting market dynamics through its production capacities and strategic initiatives. Founded through a merger of HollyFrontier Corporation and Sinclair Oil Corporation, Hf Sinclair combines extensive industry expertise with a robust operational network, making it a key participant in the broader energy landscape.

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