Holly Energy to redeem 6% senior notes due 2024 at 104.5 on Feb. 5

By Sarah Lizee

Olympia, Wash., Jan. 21 – Holly Energy Partners, LP plans to redeem Holly Energy Finance Corp.’s outstanding 6% senior notes due 2024 using proceeds from new notes and borrowings under its revolving credit facility, according to a press release.

The notes will be redeemed at 104.5 plus accrued interest on Feb. 5.

The company announced on Tuesday that it plans to offer $500 million of new senior notes due 2028.

Dallas-based Holly Energy provides product transportation, terminaling, storage and throughput services to the petroleum industry.

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