Tulsa refinery operator Holly Energy Partners, L.P. announced that it and its wholly owned subsidiary, Holly Energy Finance Corp. have finalized terms of their offering of $500 million in senior notes.
The 5.0% senior notes will be due 2028 and will be issued at a price equal to 100% of the principal amount. The companies explained the proceeds from the offering will be used to fund a previously announced redemption of all of the currently outstanding 6.0% senior notes that are due 2024.
The Offering is expected to close on February 4, 2020, subject to customary closing conditions.
