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Holly Energy Partners to Acquire El Dorado Processing Units

Holly Energy Partners L.P HF Sinclair Corporation
AnnouncedSep 3, 2015
TypeAsset
Announced Date
September 03,2015
Transaction Type
Asset




Snapshot
Location
Region
Mid-Continent

Country
United States

State
Arkansas


Transaction Details:  Subscribe to see

HollyFrontier Corporation and Holly Energy Partners, L.P. announced an agreement in principle for the acquisition by Holly Energy of the newly constructed naphtha fractionation and hydrogen generation units at HollyFrontier's El Dorado refinery.

Holly Energy is expected to pay HollyFrontier cash consideration of approximately $62.0 million, subject to the execution of definitive agreements and other customary closing conditions. Both HollyFrontier and Holly Energy expect the proposed transaction will close during the fourth quarter of 2015.

In connection with the closing of the proposed…

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