HF Sinclair (DINO) said Monday it will redeem all of its unit HollyFrontier's outstanding 5.785% senior notes due 2026.
The redemption, slated for Feb. 16, will be funded with the net proceeds from its recent $1.4 billion notes offering, the company said.
The redemption price will be 100% of the principal amount of the notes and pre-specified "make-whole" redemption premium, plus accrued and unpaid interest, it said.
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