DALLAS--(BUSINESS WIRE)--
Holly Energy Partners, L.P. (NYSE: HEP) (the "Partnership") announced
today that is 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.
About Holly Energy Partners, L.P.:
Holly Energy Partners, L.P., headquartered in Dallas, Texas, 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.
In addition, the Partnership owns a 75% interest in UNEV Pipeline, LLC,
the owner of a Holly Energy operated refined products pipeline running
from Salt Lake City, Utah to Las Vegas, Nevada, and related product
terminals, a 50% interest in Osage Pipe Line Company, LLC, which owns a
135-mile crude oil pipeline from Cushing, Oklahoma to El Dorado, Kansas,
a 50% interest in Frontier Pipeline Company, which owns a 289-mile crude
oil pipeline from Casper, Wyoming to Frontier Station, Utah and a 25%
interest in SLC Pipeline LLC which owns a 95-mile intrastate pipeline
system serving refineries in the Salt Lake City, Utah area.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160311005042/en/
Holly Energy Partners, L.P.
Julia Heidenreich, 214-954-6511
Vice
President, Investor Relations
or
Craig Biery, 214-954-6511
Investor
Relations
Source: Holly Energy Partners, L.P.
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