New York, March 15, 2016 -- Moody's Investors Service (Moody's) assigned a Baa3 rating to HollyFrontier Corporation's (HFC) proposed $500 million offering of senior unsecured notes. Proceeds from the proposed issuance are likely to be used for general corporate purposes including capital expenditures. Moody's also affirmed HFC's Baa3 issuer rating. The ratings outlook is stable.

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