DINO Debt

HF Sinclair Corporation Announces Pricing of Senior Notes Offering

Published August 11, 2025 at 09:06 PM

DALLAS--(BUSINESS WIRE)--HF Sinclair Corporation (NYSE and NYSE Texas: DINO) (the “Corporation”) announced today that it has priced an offering of $500,000,000 aggregate principal amount of its 5.500% Senior Notes due 2032 (the “Notes”) at a price to the public of 99.290% of the principal amount thereof. The offering is expected to close on August 18, 2025, subject to the satisfaction of customary closing conditions. The Corporation intends to use the net proceeds from the offering to fund the

Related Questions

How will the issuance of $500 million in 5.5% senior notes affect HF Sinclair’s capital structure and leverage ratios? What is the expected net proceeds after accounting for the 0.71% discount, and how will they be allocated within the company’s operations? How does the 5.5% coupon compare to current market yields for comparable senior unsecured debt with similar maturities? Will the notes be issued with any covenants or call features that could impact future refinancing risk? How might the discount to par (99.29%) influence the effective yield for investors and the secondary market pricing of the notes? What is the anticipated impact of this debt offering on HF Sinclair’s stock price and trading volume in the short term? How does this senior notes offering compare in size, terms, and pricing to recent debt issuances by peer companies in the energy sector? Are there any credit rating implications for HF Sinclair resulting from the increased debt load, and how might rating agencies view the transaction? What is the market’s perception of HF Sinclair’s ability to service the new debt given its current cash flow and earnings outlook? Will the proceeds be used for specific projects, acquisitions, or general corporate purposes, and how will that affect the company’s growth trajectory? How does the current spread over Treasuries for HF Sinclair’s notes compare to historical spreads for the company and its peers? What potential refinancing or redemption options does HF Sinclair have for these notes before maturity in 2032?