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Prospect News home > News index > List of issuers Paydowns > Headlines for Altivity Packaging, LLC > News item
Published on 9/19/2016 in the Prospect News Bank Loan Daily.

Holly Energy to purchase Woods Cross Refinery units via revolver debt

By Tali Rackner

Norfolk, Va., Sept. 19 – Holly Energy Partners, LP plans to use borrowings under its existing revolving credit agreement to help fund purchase of a HollyFrontier Corp. subsidiary that owns certain Woods Cross Refinery units, according to a press release.

The total purchase price is about $275 million in cash and is expected to close on Oct. 1.

Dallas-based Holly Energy operates a system of petroleum product and crude pipelines.


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