HollyFrontier extends maturity of $1.35 billion revolver to 2026

By Marisa Wong

Los Angeles, May 3 – HollyFrontier Corp. entered into a second amendment on April 30 to its senior unsecured five-year revolving credit agreement dated July 1, 2014 with MUFG Bank, Ltd. as administrative agent to extend the maturity date to April 30, 2026, according to an 8-K filing with the Securities and Exchange Commission.

Under the amendment, the maximum commitment will continue to be $1.35 billion.

Borrowings bear interest at CDOR or Libor plus an applicable margin ranging from 125 basis points to 212.5 bps. The commitment fee ranges from 15 bps to 35 bps. Pricing is based on the company’s senior unsecured non-credit enhanced long-term debt ratings.

HollyFrontier is a Dallas-based petroleum refiner.

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