HF Sinclair announces pricing terms for cash tender offer of notes

DALLAS - HF Sinclair Corporation (NYSE and NYSE Texas:DINO), a $8.3 billion market cap energy company currently trading below its InvestingPro Fair Value, announced Friday the pricing terms for its previously announced cash tender offer to purchase any and all of its outstanding 5.875% Senior Notes due 2026 and 6.375% Senior Notes due 2027.

The tender offer consideration was determined by reference to fixed spreads over U.S. Treasury securities yields. For the 5.875% Senior Notes due 2026, with $153,585,000 outstanding, the tender offer consideration is $1,004.12 per $1,000 principal amount. For the 6.375% Senior Notes due 2027, with $249,875,000 outstanding, the consideration is $1,011.63 per $1,000 principal amount. The company maintains a moderate debt level with a healthy current ratio of 1.82, according to InvestingPro data.

The tender offer will remain open until 5:00 p.m., New York City time, on August 15, 2025, unless extended or terminated earlier. Settlement for all validly tendered notes is expected to be on August 20, 2025.

Citigroup, Citizens Capital Markets and Mizuho are serving as the Lead Dealer Managers for the tender offer, with D.F. King & Co., Inc. acting as the Tender and Information Agent.

HF Sinclair reserves the right to amend the tender offer, subject to applicable law. In addition to the tender offer consideration, holders whose notes are accepted will receive accrued interest up to the settlement date.

The company stated that all other terms and conditions of the tender offer remain unchanged and are described in the Offer to Purchase dated August 11, 2025.

HF Sinclair Corporation, headquartered in Dallas, is an independent energy company that produces and markets petroleum products, including gasoline, diesel fuel, jet fuel, renewable diesel and lubricants. The company owns and operates refineries in six states and has maintained dividend payments for 38 consecutive years, currently offering a 4.49% yield. InvestingPro subscribers can access 10+ additional key insights and a comprehensive research report about DINO’s financial health and growth prospects.

This information is based on a press release statement from the company.

In other recent news, HF Sinclair Corporation reported strong earnings for the second quarter of 2025, with adjusted earnings per share (EPS) of $1.70, significantly exceeding analyst expectations of $1.05. Revenue for the quarter was $6.78 billion, aligning with projections. Mizuho raised its price target for HF Sinclair to $52.00 from $50.00, citing robust performance in the company’s Refining segment, which offset weaker results in the Lubricants division and slightly lower performance in Midstream and Marketing operations. Goldman Sachs also increased its price target for HF Sinclair to $54.00 from $52.00, maintaining a Buy rating, due to the company’s attractive valuation and potential for a 24% total return. Additionally, HF Sinclair announced a cash tender offer to purchase all outstanding 5.875% Senior Notes due 2026 and 6.375% Senior Notes due 2027, targeting a total of $403.5 million in principal amount. These recent developments provide investors with insights into HF Sinclair’s financial health and strategic initiatives.

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