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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.