By Karen Roman
Vinson & Elkins said it represented HF Sinclair Corp. (NYSE: DINO) in the issuance of $1.4 billion aggregate principal amount of senior notes in a registered offering.
The company aims to use the proceeds to repay all outstanding borrowings of the revolving credit agreement of its wholly owned subsidiary Holly Energy Partners, L.P., it said.
HF Sinclair stated it will also fund the concurrent tender offer for cash of $1.05 billion of outstanding senior notes of its wholly owned subsidiary HollyFrontier Corp., expected to close on Feb. 11, 2025.
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