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Wells Fargo Agents Holly Energy Partners’ Facility Increase to $1.2B

March 11, 2016, 07:51 AM
Filed Under: Energy

Holly Energy Partners, L.P. has amended its existing revolving credit facility to increase the maximum amount of the facility from $850 million to $1.2 billion. The credit agreement is available to fund capital expenditures, investments, acquisitions, distribution payments and working capital and for general partnership purposes. An SEC 8-K filing names Wells Fargo as agent on the credit facility.

Holly Energy Partners, L.P., headquartered in Dallas, TX, provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries. The Partnership owns and operates petroleum product and crude gathering pipelines, tankage and terminals in Texas, New Mexico, Arizona, Washington, Idaho, Oklahoma, Utah, Wyoming and Kansas as well as refinery processing units in Kansas.

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