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Holly Energy to use revolver borrowings to help fund note redemption
By Sarah Lizee
Olympia, Wash., Jan. 21 – Holly Energy Partners, LP plans to use borrowings under its revolving credit facility to redeem Holly Energy Finance Corp.’s outstanding 6% senior notes due 2024, according to a press release.
The company also plans to use proceeds from a new offering of $500 million of senior notes due 2028 for the redemption.
Dallas-based Holly Energy provides product transportation, terminaling, storage and throughput services to the petroleum industry.
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