Refinery operator moves to raise money

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.