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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item |
HollyFrontier change-of-control offer for two note series ends Aug. 29
By Susanna Moon
Chicago, July 27 - HollyFrontier Corp. said the cash offer for its $200 million principal amount of outstanding 8½% senior notes due 2016 and its $150 million principal amount of outstanding 6 7/8% senior notes due 2018 will end at 5 p.m. ET on Aug. 29.
The company is offering 101 in cash for the notes following a change of control that occurred on July 1.
HollyFrontier also will pay accrued interest to the purchase date of Aug. 31.
The change-of-control offer was triggered when a wholly owned subsidiary of HollyFrontier merged with Frontier Oil Corp. earlier this month.
The company announced the start of the offer on July 8.
The notes were issued by Frontier Oil. HollyFrontier, formerly Holly Corp., changed its name and assumed the notes after the acquisition.
Wells Fargo Bank, NA (214 740-1573) is the depository and paying agent.
HollyFrontier is a Dallas-based petroleum refiner. Frontier Oil is a Houston-based oil refiner and wholesaler of refined petroleum products.
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