HollyFrontier calls all $286.81 million outstanding 9 7/8% notes

By Marisa Wong

Madison, Wis., May 15 - HollyFrontier Corp. announced it plans to redeem all of its outstanding 9 7/8% senior notes due 2017 on June 15.

The redemption price will be 104.9375% of par, for a total payment of roughly $300.97 million.

As of May 15, the outstanding principal amount of the notes is $286,812,000.

The company said it intends to fund the redemption with cash on hand.

U.S. Bank Trust NA is the trustee for the notes.

HollyFrontier is a petroleum refiner based in Dallas.

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