Holly Energy Partners LP - 2013-03-19
Description
Priced its public offering of some 3.8 million common units at $40.80 per unit. The company will sell some 1.9 million of the units and HollyFrontier Corp. will sell the remaining some 1.9 million units. Net proceeds will be used to repay indebtedness incurred under its credit facility and for general partnership purposes. The company will not receive any of the proceeds from the common units sold by HollyFrontier. Wells Fargo Securities, BofA Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank Securities and J.P. Morgan are joint book-running managers.