HF Sinclair (DINO) said Wednesday it started a cash tender offer to purchase outstanding notes for up to $900 million.
The tender offer covers, in order of acceptance priority, 6.375% senior notes due 2027 with a $150 million cap, 5.875% senior notes due 2026, and 5.875% senior notes due 2026 issued by its HollyFrontier unit, according to the company.
The company said it is offering an early tender premium of $30 per $1,000 principal amount of notes tendered before 5 p.m. on Jan. 23 and expects to determine the price of the offer on Jan. 24.
The tender offer is set to expire on Feb. 7, the company added.
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