01—Abstract
Summary
Summary of the 8-K filed August 20, 2025. Cited figures are marked; the original filing is the authoritative source.
HF Sinclair Corporation, a Delaware corporation, announced on August 20, 2025 that it will redeem all of its outstanding 5.875%a Senior Notes due 2026 and its 6.375% Senior Notes due 2027, along with all outstanding 6.375% Senior Notes due 2027 of its wholly owned subsidiaries Holly Energy Partners, L.P. and Holly Energy Finance Corp. The redemption is scheduled for August 30, 2025 (the Redemption Date).
The 2026 Notes will be redeemed at the greater of 100% of principal or the make-whole premium specified in the governing indenture, plus accrued and unpaid interest. Both 2027 series are redeemable at 101.594% of aggregate principal, plus accrued and unpaid interest. According to the accompanying press release (Exhibit 99.1), the company intends to fund the redemption with net proceeds from its registered offering of $500,000,000b aggregate principal amount of senior notes completed on August 18, 2025.
Upon the Redemption Date, the redeemed notes will no longer be deemed outstanding and interest will cease to accrue. The filing states that the 8-K does not itself constitute a notice of redemption; formal notices are handled through the designated trustees, Computershare Trust Company, N.A. for the DINO notes and U.S. Bank Trust Company, National Association for the Holly Energy Partners notes. For investors, the filing is primarily a debt refinancing and capital structure event: new senior notes issued in August 2025 are being used to retire higher-coupon debt maturing in 2026 and 2027.
The filing does not report earnings, operating results, or guidance. The information is furnished under Item 7.01 (Regulation FD) and is not deemed filed for purposes of Section 18 of the Exchange Act.
02—Key points
Key Highlights
- HF Sinclair will redeem its 5.875% Senior Notes due 2026 and 6.375% Senior Notes due 2027, plus the 6.375% Senior Notes due 2027 of subsidiaries Holly Energy Partners, L.P. and Holly Energy Finance Corp.
- Redemption is scheduled for August 30, 2025.
- 2026 Notes redemption price is the greater of 100% of principal or the indenture make-whole premium, plus accrued and unpaid interest.
- Both 6.375% 2027 note series (DINO and HEP) are redeemable at 101.594% of principal, plus accrued and unpaid interest.
- Redemption to be funded with net proceeds from the $500,000,000 senior notes offering completed August 18, 2025.
- Redeemed notes will cease to accrue interest and holders' rights end on the Redemption Date, except the right to receive the redemption price.
- The filing is furnished under Item 7.01 and contains no earnings or operating results.
03—Questions
Frequently Asked Questions
Which notes is HF Sinclair redeeming?
The company is redeeming all outstanding 5.875% Senior Notes due 2026 and 6.375% Senior Notes due 2027 issued by HF Sinclair Corporation, as well as all outstanding 6.375% Senior Notes due 2027 issued by its wholly owned subsidiaries Holly Energy Partners, L.P. and Holly Energy Finance Corp.
When will the redemption take place and how much will holders receive?
The Redemption Date is August 30, 2025. Holders of the 2026 Notes receive the greater of 100% of principal or the make-whole premium, plus accrued and unpaid interest. Holders of both 2027 series receive 101.594% of outstanding principal, plus accrued and unpaid interest.
How will the redemption be funded?
According to the press release, the company intends to use the net proceeds of its registered offering of $500,000,000 aggregate principal amount of senior notes completed on August 18, 2025.
Does this filing include a notice of redemption or earnings information?
No. The filing states that it does not constitute a notice of redemption; the Notice of Redemption is obtained from the relevant trustees. The filing contains no earnings, operating results or guidance.
Who are the paying agents for the redeemed notes?
Computershare Trust Company, N.A. serves as paying agent for the 2026 Notes and 2027 DINO Notes, and U.S. Bank Trust Company, National Association serves as paying agent for the 2027 HEP Notes.
04—Continue