HollyFrontier upsizes revolver to $1.35 billion, extends to 2022

By Wendy Van Sickle

Columbus, Ohio, Feb. 21 – HollyFrontier Corp. amended its unsecured revolving credit facility on Thursday, increasing its size to $1.35 billion from $1 billion and extending its maturity to Feb. 16, 2022, according to an 8-K filing with the Securities and Exchange Commission.

The credit facility was originally entered on July 1, 2014.

Interest on the loans continues to be Libor plus 112.5 basis points to 200 bps based on the company’s debt ratings. The commitment fee ranges from 12.5 bps to 35 bps.

MUFG Union Bank, NA, Wells Fargo Securities, LLC, Bank of America Merrill Lynch, Citigroup Global Markets Inc. and TD Securities (USA) LLC are the joint lead arrangers and bookrunners.

MUFG is the administrative agent. Wells Fargo Bank, NA is the syndication agent. Bank of America, NA, Citibank, NA and Toronto-Dominion Bank, New York Branch are the co-documentation agents.

Proceeds will be used for general corporate purposes.

The credit agreement was originally set to mature on July 1, 2019.

HollyFrontier is a petroleum refiner based in Dallas.

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