The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Business Wire

HollyFrontier Corporation Announces Redemption of 9.875% Senior Notes Due 2017

Wednesday, May 15, 2013

HollyFrontier Corporation Announces Redemption of 9.875% Senior Notes Due 2017

07:30 EDT Wednesday, May 15, 2013

DALLAS (Business Wire) -- HollyFrontier Corporation (NYSE: HFC) (the “Company” or “HollyFrontier”) today announced that it will redeem all of its outstanding 9.875% Senior Notes due 2017. The aggregate principal amount outstanding of the notes is $286,812,000. The redemption price for the notes will be equal to 104.9375% of the principal amount thereof for a total payment to holders of the notes of approximately $300,973,343. The redemption of the notes is scheduled to occur on June 15, 2013. The Company intends to fund the redemption with cash on hand. On and after the redemption date, the notes will no longer be deemed outstanding, interest will cease to accrue thereon and all rights of the holders of the notes will cease, except for the right to receive the redemption price.

U.S. Bank Trust National Association is the trustee for the notes and is serving as the paying agent for this transaction. Copies of the notice of redemption and additional information relating to the redemption of the notes may be obtained from U.S. Bank Trust National Association, Corporate Trust Services, 14241 Dallas Parkway, Suite 490, Dallas, Texas 75254, telephone: (972) 458-4506.

About HollyFrontier Corporation

HollyFrontier Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and other specialty products. HollyFrontier operates through its subsidiaries a 135,000 barrels per stream day (“bpsd”) refinery located in El Dorado, Kansas, a 125,000 bpsd refinery in Tulsa, Oklahoma, a 100,000 bpsd refinery located in Artesia, New Mexico, a 52,000 bpsd refinery located in Cheyenne, Wyoming and a 31,000 bpsd refinery in Woods Cross, Utah. HollyFrontier markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. A subsidiary of HollyFrontier also owns a 39% interest (including the 2% general partner interest) in Holly Energy Partners, L.P.

Information about HollyFrontier may be found on its website at http://www.hollyfrontier.com.

HollyFrontier Corporation
Julia Heidenreich, 214-954-6510
VP, Investor Relations
or
Blake Barfield, 214-954-6510
Investor Relations

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections