DALLAS--(BUSINESS WIRE)--
HollyFrontier Corporation (as successor-in-interest to Frontier Oil
Corporation) (the “Company”) (NYSE: HFC) today announced that it will
redeem all of its outstanding 6 7/8% Senior Notes
due 2018. The aggregate principal amount outstanding of the notes is
$150,000,000. The redemption price for the notes will be equal to
103.4375% of the principal amount thereof, plus accrued and unpaid
interest, for a total payment to holders of the Notes of approximately
$156,073,000 in the aggregate. The redemption of the Notes is scheduled
to occur on June 17, 2015. 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.
Wells Fargo Bank, 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 Wells Fargo Bank, National
Association, Corporate Trust Operations, MAC N9303-121, 6th
St. & Marquette Avenue, Minneapolis, MN 55479, telephone: 1-800-344-5128.
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
currently owns a 39% interest (including a 2% general partner interest)
in Holly Energy Partners, L.P.
Information about HollyFrontier may be found on its website at http://www.hollyfrontier.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150518006784/en/
Source: HollyFrontier Corporation