Debt (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Long-Term Debt Carrying Amounts

The carrying amounts of long-term debt are as follows:


	December 31,
	2020		2019
	(In thousands)
HollyFrontier
2.625% Senior Notes	$	350,000	$	—
5.875% Senior Notes	1,000,000		1,000,000
4.500% Senior Notes	400,000		—
	1,750,000		1,000,000

Unamortized discount and debt issuance costs	(12,885)		(6,391)

Total HollyFrontier long-term debt	1,737,115		993,609

HEP
HEP Credit Agreement	913,500		965,500

5.00% Senior Notes	500,000		—
6.00% Senior Notes	—		500,000
	500,000		500,000

Unamortized discount and debt issuance costs	(7,897)		(3,469)

Total HEP long-term debt	1,405,603		1,462,031

Total long-term debt	$	3,142,718	$	2,455,640

The fair values of the senior notes are as follows:


	December 31,
	2020		2019
	(In thousands)

HollyFrontier Senior Notes	$	1,903,867	$	1,127,610

HEP Senior Notes	$	506,540	$	522,045

These fair values are based on a Level 2 input. See Note 6 for additional information on Level 2 inputs.

Schedule of Principal Maturities of Long-Term Debt

Principal maturities of long-term debt as of December 31, 2020 are as follows:


Years Ending December 31,	(In thousands)
2021	$	—
2022	913,500
2023	350,000
2024	—
2025	—
Thereafter	1,900,000
Total	$	3,163,500

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details