Sinclair Oil Corporation

HOLLYFRONTIER ALERT: Bragar Eagel & Squire, P.C. Investigates Merger of HFC and Encourages Investors to Contact the Firm

Retrieved on:

Thursday, August 5, 2021

HFC, Squire, Learning, New York Stock Exchange, HollyFrontier, HF, Sinclair Oil Corporation, Telephone, PC, GLOBE, Property management

On August 3, 2021, HollyFrontier announced that it had entered into an agreement to merge with Sinclair in a deal valued at approximately $1.8 billion.

Key Points:

On August 3, 2021, HollyFrontier announced that it had entered into an agreement to merge with Sinclair in a deal valued at approximately $1.8 billion.
Pursuant to the merger agreement, HollyFrontier will form a new parent company, named HF Sinclair Corporation (HF Sinclair), which will replace HollyFrontier as the public company trading on the NYSE.
At the closing, existing shares of HollyFrontier will be converted on a one-to-one basis into shares of common stock of HF Sinclair.
Bragar Eagel & Squire is concerned that HollyFrontiers board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of HollyFrontier Corporation Merger

Retrieved on:

Wednesday, August 4, 2021

HFC, New York Stock Exchange, GLOBE, HollyFrontier, Fraud, Sinclair Oil Corporation, Transport, Private investigator

WILMINGTON, Del., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Rigrodsky Law, P.A.

Key Points:

WILMINGTON, Del., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Rigrodsky Law, P.A.
announces that it is investigating HollyFrontier Corporation (HollyFrontier) (NYSE: HFC ) regarding possible breaches of fiduciary duties and other violations of law related to HollyFrontiers agreement to merge with Sinclair Oil Corporation and Sinclair Transportation Company.
To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-hollyfrontier-corporation .
You may also contact Seth D. Rigrodsky or Gina M. Serra cost and obligation free at (888) 969-4242 or [email protected] .

Lifshitz Law Firm, P.C. Announces Investigation of HFC, OSBC, RYFL and TBIO

Retrieved on:

Wednesday, August 4, 2021

Common law, Equity, Fiduciary

announces investigation into possible breach of fiduciary duties in connection with the merger of HFC and Sinclair Oil Corporation.

Key Points:

announces investigation into possible breach of fiduciary duties in connection with the merger of HFC and Sinclair Oil Corporation.
If you are an investor, and would like information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq.
announces investigation into possible breach of fiduciary duties in connection with the sale of TBIO to Sanofi for $38.00 in cash for each share of TBIO owned.
The law firm responsible for this advertisement is Lifshitz Law Firm, P.C., 1190 Broadway, Hewlett, New York 11557, Tel: (516)493-9780.

HollyFrontier Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of HollyFrontier Corporation is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – HFC

Retrieved on:

Tuesday, August 3, 2021

Legal, Professional services, Articles, Regions of the United States, Companies, HollyFrontier, Sinclair Oil Corporation, Securities fraud, New York Stock Exchange, Limited liability partnership, Shareholder

Halper Sadeh LLP, a global investor rights law firm, is investigating whether HollyFrontier Corporation (NYSE: HFC) and Holly Energy Partners, L.P.s acquisition of Sinclair Oil Corporation and Sinclair Transportation Company is fair to HollyFrontier shareholders.

Key Points:

Halper Sadeh LLP, a global investor rights law firm, is investigating whether HollyFrontier Corporation (NYSE: HFC) and Holly Energy Partners, L.P.s acquisition of Sinclair Oil Corporation and Sinclair Transportation Company is fair to HollyFrontier shareholders.
As part of the transaction, HollyFrontier will form a new parent company, named HF Sinclair Corporation (HF Sinclair), which will replace HollyFrontier as the public company trading on the NYSE.
On behalf of HollyFrontier shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

Sinclair Oil Corporation to Combine Refining and Logistics Assets and Related Operations with HollyFrontier Corporation and Holly Energy Partners, L.P.

Retrieved on:

Tuesday, August 3, 2021

Oil, Gas, Energy, Regions of the United States, Oil companies, ARCO, Sinclair Oil Corporation, HollyFrontier, Economy of the United States, Sinclair

Under the agreements, Sinclair Oils branded marketing business and all related commercial activities and its refineries and related operations and assets in Casper and Sinclair, Wyoming, will combine with HollyFrontier.

Key Points:

Under the agreements, Sinclair Oils branded marketing business and all related commercial activities and its refineries and related operations and assets in Casper and Sinclair, Wyoming, will combine with HollyFrontier.
Sinclair Oils logistics and storage assets, including approximately 1,200 miles of pipelines, two crude oil terminals and eight light product terminals, will combine with HEP.
The transaction does not include exploration and production assets owned by Sinclair Oil & Gas Company.
The Sinclair Companies has great confidence in the merits of this transaction and is enthusiastic about the future of HF Sinclair.

HollyFrontier Corporation and Holly Energy Partners Announce Combination with Sinclair Oil and Formation of HF Sinclair Corporation

Retrieved on:

Tuesday, August 3, 2021

HollyFrontier Corporation (NYSE: HFC) (HollyFrontier) and Holly Energy Partners, L.P. (NYSE: HEP) (HEP), today announced they have entered into definitive agreements under which HollyFrontier and HEP will acquire Sinclair Oil Corporation and Sinclair Transportation Company from The Sinclair Companies (Sinclair).

Key Points:

HollyFrontier Corporation (NYSE: HFC) (HollyFrontier) and Holly Energy Partners, L.P. (NYSE: HEP) (HEP), today announced they have entered into definitive agreements under which HollyFrontier and HEP will acquire Sinclair Oil Corporation and Sinclair Transportation Company from The Sinclair Companies (Sinclair).
As part of the transaction, HollyFrontier will form a new parent company, named HF Sinclair Corporation (HF Sinclair), which will replace HollyFrontier as the public company trading on the NYSE.
HollyFrontier expects to seek the approval of its stockholders under applicable rules of the New York Stock Exchange for the issuance of the HF Sinclair shares to Sinclair.
Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries.

Twain Financial Partners Provides $25MM in Relief Financing to Historic Sinclair Hotel

Retrieved on:

Tuesday, January 5, 2021

Regions of the United States, Energy sources, Autograph Collection Hotels, Autograph Collection, PACE financing, Sinclair Oil Corporation, Sinclair, Energy

St. Louis, Mo., Jan. 5, 2021 /PRNewswire/ -- Twain Financial Partners announced the successful financing of $8.1 million in Commercial Property-Assessed Clean Energy (C-PACE) financing and $16.9 million in Ground Lease capital to the Sinclair Hotel in Fort Worth, TX.

Key Points:

St. Louis, Mo., Jan. 5, 2021 /PRNewswire/ -- Twain Financial Partners announced the successful financing of $8.1 million in Commercial Property-Assessed Clean Energy (C-PACE) financing and $16.9 million in Ground Lease capital to the Sinclair Hotel in Fort Worth, TX.
The Sinclair Hotel is a historic 16-story hotel originally built in 1929.
It was recently renovated into a 164-room full-service hotel nationally branded as part of the boutique Autograph Collection by Marriott.
"Twain is proud to announce the closing of C-PACE financing and ground lease capital on the Sinclair Hotel," said David Taylor, Director of Strategic Initiatives at Twain Financial Partners.

Sinclair Closes Private Offering of Senior Secured Notes

Retrieved on:

Friday, December 4, 2020

Regions of the United States, Debt, Sinclair Broadcast Group, Senior debt, Sinclair Oil Corporation

BALTIMORE, Dec. 4, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc. ("Sinclair" or the "Company") (Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc. (the "Issuer"), has closed its previously announced private offering of $750 million aggregate principal amount of Senior Secured Notes due 2030 (the "2030 Notes").

Key Points:

BALTIMORE, Dec. 4, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc. ("Sinclair" or the "Company") (Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc. (the "Issuer"), has closed its previously announced private offering of $750 million aggregate principal amount of Senior Secured Notes due 2030 (the "2030 Notes").
The 2030 Notes will mature on December 1, 2030.
The net proceeds from the private placement of the 2030 Notes, along with cash on hand, are being used to (i) redeem the Issuer's $550.0 million of 5.625% Senior Notes due 2024 (the "2024 Notes") at par plus a call premium of approximately $10.3 million and (ii) to repay amounts outstanding under the Issuer's term loan with a January 2024 stated maturity date.
Sinclair is a diversified media company and leading provider of local sports and news.

Sinclair Prices Private Offering of Senior Secured Notes of Sinclair Television Group, Inc.

Retrieved on:

Friday, November 20, 2020

Regions of the United States, Sinclair Broadcast Group, Sinclair Oil Corporation, Sinclair

BALTIMORE, Nov. 19, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc. ("Sinclair" or the "Company") (Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc. (the "Issuer"), has priced its previously announced private offering for an aggregate principal amount of $750 million of Senior Secured Notes due 2030 (the "2030 Notes").

Key Points:

BALTIMORE, Nov. 19, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc. ("Sinclair" or the "Company") (Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc. (the "Issuer"), has priced its previously announced private offering for an aggregate principal amount of $750 million of Senior Secured Notes due 2030 (the "2030 Notes").
The 2030 Notes will mature on December 1, 2030.
The private placement of the 2030 Notes is conditioned on customary closing conditions and is expected to close on December 4, 2020.
Sinclair is a diversified media company and leading provider of local sports and news.

Sinclair Announces Partial Redemption of Diamond Sports Holdings Preferred Units

Retrieved on:

Wednesday, August 19, 2020

Financial markets, Financial economics, Equity securities, Stock market, Corporate finance, Preferred stock, Ion Media, Sinclair Broadcast Group, Dividend, Sinclair Oil Corporation

BALTIMORE, Aug. 19, 2020 /PRNewswire/ --Sinclair Broadcast Group, Inc. ("Sinclair" or the "Company") (NASDAQ: SBGI) announced today that Diamond Sports Holdings LLC ("DSH"), an indirect subsidiary of the Company, has redeemed 350,000 of its Preferred Units (such units, the "Redeemed Preferred Units") using cash dividends from DSH's indirect subsidiary, Diamond Sports Group, LLC.

Key Points:

BALTIMORE, Aug. 19, 2020 /PRNewswire/ --Sinclair Broadcast Group, Inc. ("Sinclair" or the "Company") (NASDAQ: SBGI) announced today that Diamond Sports Holdings LLC ("DSH"), an indirect subsidiary of the Company, has redeemed 350,000 of its Preferred Units (such units, the "Redeemed Preferred Units") using cash dividends from DSH's indirect subsidiary, Diamond Sports Group, LLC.
In accordance with the terms of the Amended and Restated Limited Liability Company Agreement of Diamond Sports Holdings, the Redeemed Preferred Units were redeemed for an aggregate redemption price equal to $350,000,000, representing 100% of the unreturned capital contribution with respect to such Redeemed Preferred Units, plus $3,850,000 in accrued and unpaid dividends, with respect to such Redeemed Preferred Units up to, but not including, the redemption date, for a total redemption amount of $353,850,000.
After giving effect to the partial redemption, 175,000 Preferred Units of Diamond Sports Holdings remain outstanding.
Sinclair is a diversified media company and leading provider of local sports and news.