HollyFrontier Corp.
Description
Priced an offering of 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. 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.