HollyFrontier Corp. priced an offering of $750 million of its 5.875% senior notes maturing April 1, 2026.
Net proceeds will prepay HollyFrontier’s $350 million term loan and will support general corporate purposes, which may include a portion of the purchase price for Petro-Canada Lubricants Inc. and capex.
The offering is expected to close on Nov. 21.
Citigroup Global Markets Inc., Goldman Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Inc., MUFG Securities Americas Inc. and TD Securities (USA) LLC are joint book-running managers.
These are being offered as additional notes to the outstanding 5.875% senior notes due 2026, $250 million of which were publicly offered in March.
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