Holly starts brief roadshow for $200 million eight-year senior notes

By Paul A. Harris

St. Louis, June 2 - Holly Corp. began a brief roadshow on Tuesday for its $200 million offering of eight-year senior unsecured notes, according to an informed source.

The roadshow runs through Thursday. Pricing of the notes is set to take place on Friday.

UBS Investment Bank is the left lead bookrunner for the Rule 144A and Regulation S with registration rights offering. Banc of America Securities LLC and Goldman Sachs & Co. are joint bookrunners.

The notes come with four years of call protection.

Proceeds will be used to fund the acquisition of the Tulsa Refinery from Sunoco and for general corporate purposes. Holly acquired the Tulsa Refinery for $65 million plus the market value of its inventories on June 1.

Holly is a Dallas-based independent energy refiner.

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