HollyFrontier Corp

NYSE:HFC   3:59:59 PM EDT
-0.60 (-1.74%)
Debt Financing / Related, Other Pre-Announcement, Mergers / Acquisitions

Hollyfrontier Announces Acquisition Of Puget Sound Refinery

Published: 05/04/2021 21:03 GMT
HollyFrontier Corp (HFC) - Hollyfrontier Announces Acquisition of Puget Sound Refinery.
Hollyfrontier - Deal for Purchase Price of $350 Million, Plus Hydrocarbon Inventory to Be Valued at Closing With Estimated Value in Range of $150-180 Million.
Hollyfrontier Corp - Expects to Fund Acquisition With a One-year Suspension of Its Regular Quarterly Dividend and Cash on Hand.
Hollyfrontier Corp - Expected Transaction to Be Immediately Accretive to Earnings and Free Cash Flow.
Hollyfrontier - 1-year Suspension of Quarterly Dividend Effective With Dividend to Be Declared for Q1 2021 and is Expected to Resume After Such Time.