Daily News: March 11, 2016

Wells Fargo Agents Upsize to $1.2B for Holly Energy Partners


Holly Energy Partners amended its existing revolving credit facility to increase the maximum amount from $850 million to $1.2 billion. The facility is available to fund capital expenditures, investments, acquisitions, distribution payments and working capital and for general partnership purposes.

Wells Fargo served as administrative agent for the transaction. According to a related 8-K filing, other lenders were MUFG Bank, Compass Bank, Citibank, U.S. Bank, Bank of America, Capital One, SunTrust, UBS AG, Comerica, OneWest, Sumitomo Mitsui, TD, Credit Suisse, Santander, Bank of Nova Scotia, Fifth Third, Frost Bank, CIT, PNC, Deutsche Bank, JPMorgan Chase and Morgan Stanley.

Dallas-based Holly Energy Partners provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries.