Holly Energy Partners plans $150 million offering of senior notes due 2018
By APWednesday, March 3, 2010
Holly Energy plans $150 million notes offering
DALLAS — Holly Energy Partners LP said Wednesday it plans an offering of $150 million in senior notes due 2018.
The firm plans to use $93 million of the proceeds to buy petroleum storage tanks with 2 million barrels of capacity, certain rail-loading rack facilities and other assets. The rest of the proceeds will be used to repay debt and for general expenses.
Holly Energy is based in Dallas. Shares of the company declined 29 cents to $41.82 in after-hours trading.
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