HOLLY ENERGY PARTNERS, L.P. (NYSE:HEP) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
Partnership) announced that it and its wholly owned subsidiary,
Holly Energy Finance Corp. (together with the Partnership, the
Issuers) will redeem all of their outstanding 6.50% Senior Notes
due 2020 (the Notes). The aggregate principal amount outstanding
of the Notes is $300,000,000. The redemption price for the Notes
will be equal to 103.250% of the principal amount thereof, plus
accrued and unpaid interest to, but not including, the redemption
date, for a total payment to holders of the Notes of
approximately $316,400,000 in the aggregate. The redemption of
the Notes is scheduled to occur on January 4, 2017. The foregoing
summary is qualified in its entirety by reference to the press
release,>a copy of which is filed as Exhibit 99.1 to this Form
8-K and incorporated herein by reference.
7.01 is being furnished and shall not be deemed filed for the
purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, or otherwise subject to the liabilities of that section,
nor shall it be deemed incorporated by reference into any
registration statement or other filing under the Securities Act
of 1933, as amended, except as shall be expressly set forth by
specific reference to such filing.
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Item 9.01
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Financial Statements and Exhibits
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Exhibit
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Description
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99.1
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Press Release of the Partnership dated December 2,
2016.* |
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*
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Furnished herewith.
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About HOLLY ENERGY PARTNERS, L.P. (NYSE:HEP)
Holly Energy Partners, L.P., (HEP) is engaged in the business of operating a system of petroleum product and crude pipelines, storage tanks, distribution terminals and loading rack facilities. The Company operates in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho and Washington. The Company’s assets include pipelines; refined product terminals and refinery tankage, and refinery processing units. Holly Logistic Services, L.L.C. (HLS) is a subsidiary of HollyFrontier Corporation (HFC), which is the general partner of HEP and manages HEP. The Company owns and operates petroleum product and crude pipelines, terminal, tankage and loading rack facilities, and refinery processing units that support the refining and marketing operations of HFC in the Mid-Continent, Southwest and Rocky Mountain regions of the United States and Alon USA, Inc.’s (Alon) refinery in Big Spring, Texas. HOLLY ENERGY PARTNERS, L.P. (NYSE:HEP) Recent Trading Information
HOLLY ENERGY PARTNERS, L.P. (NYSE:HEP) closed its last trading session down -1.46 at 30.80 with 138,442 shares trading hands.