Holly Energy Partners LP (NYSE: HEP) and its wholly-owned subsidiary co-issued a redemption of all outstanding 8.25% senior notes, the company said Feb. 12.
The notes are worth $150 million in aggregate principal amount, and the redemption price equals 104.125% of this amount, the company said. Shareholders’ total payment will be about $156,187,500, the company added.
The redemption is scheduled for March 15, the company noted. It will be funded through borrowings from revolving credit, the company said.
The trustee for the notes, as well as the paying agent, is ...