HollyFrontier Corporation is looking for more investors as the Dallas-based company announced the offering of $750 million in senior notes.
The operator of a refinery in Tulsa as well as others across the U.S. said $350 million will involve 2.625% senior notes due 2023. Another $400 million in 4.500% senior notes due 2030 will also be offered.
The offering is expected to close on September 28, 2020, subject to customary closing conditions.
The company intends to use the net proceeds from the offering for general corporate purposes, which may include capital expenditures.
Interest on the Notes will be payable on April 1 and October 1 of each year. The first interest payment on the Notes will be due on April 1, 2021.
Source: BusinessWire