Holly Energy plans to redeem all $150 million of 8¼% notes due 2018

By Tali Rackner

Norfolk, Va., Feb. 12 - Holly Energy Partners, LP called all $150 million of its 8¼% senior notes due 2018, according to a press release.

The notes will be redeemed at 104.125, for a total of about $156,187,500, on March 15.

The company will use borrowings under its existing credit facility to fund the redemption.

U.S. Bank NA is the trustee.

Based in Dallas, Holly Energy operates a system of petroleum product and crude pipelines.

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