8-K
filed December 1, 2023, 6:59 PM ET
CIK 0001283140
M&A
confidence high
sentiment neutral
materiality 1.00
Holly Energy Partners merger with HF Sinclair closes; units delisted
HOLLY ENERGY PARTNERS LP
- Each HEP common unit converted into 0.3150 HF Sinclair shares plus $4.00 cash per unit.
- HEP common units delisted from NYSE and deregistered under Exchange Act.
- Credit agreement amended: HF Sinclair provides parent guaranty; collateral released due to investment grade rating.
- Entire board and CEO of HEP's general partner resigned; new directors and officers from HF Sinclair appointed.
- Amendment No.3 to credit agreement executed, eliminating subsidiary guaranties and easing covenants.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Timothy Go was appointed as Chief Executive Officer and President at HOLLY ENERGY PARTNERS LP.
- Action
- became
- Role
- Chief Executive Officer and President
Exact text from the filing
Timothy Go became Chief Executive Officer and President
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Atanas H. Atanasov was appointed as Executive Vice President and Chief Financial Officer at HOLLY ENERGY PARTNERS LP.
- Action
- became
- Role
- Executive Vice President and Chief Financial Officer
Exact text from the filing
Atanas H. Atanasov became Executive Vice President and Chief Financial Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Larry R. Baldwin departed as Director at HOLLY ENERGY PARTNERS LP.
- Action
- ceased to serve
- Role
- Director
Exact text from the filing
each of Larry R. Baldwin, Christine B. LaFollette, James H. Lee, Eric L. Mattson, Mark A. Petersen and Michael C. Jennings ceased to serve as directors of the General Partner.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Harrison changed role as Vice President, Finance, Strategy and Treasurer at HOLLY ENERGY PARTNERS LP.
- Action
- title changed
- Role
- Vice President, Finance, Strategy and Treasurer
Exact text from the filing
John Harrison’s title changed from Senior Vice President, Chief Financial Officer and Treasurer to Vice President, Finance, Strategy and Treasurer of the General Partner
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christine B. LaFollette departed as Director at HOLLY ENERGY PARTNERS LP.
- Action
- ceased to serve
- Role
- Director
Exact text from the filing
each of Larry R. Baldwin, Christine B. LaFollette, James H. Lee, Eric L. Mattson, Mark A. Petersen and Michael C. Jennings ceased to serve as directors of the General Partner.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael C. Jennings departed as Chief Executive Officer and President at HOLLY ENERGY PARTNERS LP.
- Action
- ceased to serve
- Role
- Chief Executive Officer and President
Exact text from the filing
each of Michael C. Jennings (Chief Executive Officer and President) and Kenneth Norwood (Vice President and Controller) ceased to serve as officers of the General Partner.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robert I. Jamieson changed role as Vice President, Midstream at HOLLY ENERGY PARTNERS LP.
- Action
- title changed
- Role
- Vice President, Midstream
Exact text from the filing
Robert I. Jamieson’s title changed from Senior Vice President and Chief Operating Officer to Vice President, Midstream of the General Partner
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael C. Jennings departed as Director at HOLLY ENERGY PARTNERS LP.
- Action
- ceased to serve
- Role
- Director
Exact text from the filing
each of Larry R. Baldwin, Christine B. LaFollette, James H. Lee, Eric L. Mattson, Mark A. Petersen and Michael C. Jennings ceased to serve as directors of the General Partner.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Indira Agarwal was appointed as Vice President, Controller and Chief Accounting Officer at HOLLY ENERGY PARTNERS LP.
- Action
- became
- Role
- Vice President, Controller and Chief Accounting Officer
Exact text from the filing
Indira Agarwal became Vice President, Controller and Chief Accounting Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Atanas H. Atanasov was appointed as Director at HOLLY ENERGY PARTNERS LP.
- Action
- became a director
- Role
- Director
Exact text from the filing
each of Timothy Go, Atanas H. Atanasov and Vaishali S. Bhatia became a director of the General Partner.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kenneth Norwood departed as Vice President and Controller at HOLLY ENERGY PARTNERS LP.
- Action
- ceased to serve
- Role
- Vice President and Controller
Exact text from the filing
each of Michael C. Jennings (Chief Executive Officer and President) and Kenneth Norwood (Vice President and Controller) ceased to serve as officers of the General Partner.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Vaishali S. Bhatia was appointed as Director at HOLLY ENERGY PARTNERS LP.
- Action
- became a director
- Role
- Director
Exact text from the filing
each of Timothy Go, Atanas H. Atanasov and Vaishali S. Bhatia became a director of the General Partner.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
James H. Lee departed as Director at HOLLY ENERGY PARTNERS LP.
- Action
- ceased to serve
- Role
- Director
Exact text from the filing
each of Larry R. Baldwin, Christine B. LaFollette, James H. Lee, Eric L. Mattson, Mark A. Petersen and Michael C. Jennings ceased to serve as directors of the General Partner.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Eric L. Mattson departed as Director at HOLLY ENERGY PARTNERS LP.
- Action
- ceased to serve
- Role
- Director
Exact text from the filing
each of Larry R. Baldwin, Christine B. LaFollette, James H. Lee, Eric L. Mattson, Mark A. Petersen and Michael C. Jennings ceased to serve as directors of the General Partner.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Timothy Go was appointed as Director at HOLLY ENERGY PARTNERS LP.
- Action
- became a director
- Role
- Director
Exact text from the filing
each of Timothy Go, Atanas H. Atanasov and Vaishali S. Bhatia became a director of the General Partner.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark A. Petersen departed as Director at HOLLY ENERGY PARTNERS LP.
- Action
- ceased to serve
- Role
- Director
Exact text from the filing
each of Larry R. Baldwin, Christine B. LaFollette, James H. Lee, Eric L. Mattson, Mark A. Petersen and Michael C. Jennings ceased to serve as directors of the General Partner.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
HOLLY ENERGY PARTNERS LP amended Amendment No. 3 to Third Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as administrative agent and an issuing bank, and the financial institutions party thereto as lenders (effective 2023-12-01).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association, as administrative agent and an issuing bank, and the financial institutions party thereto as lenders
- Effective
- 2023-12-01
Exact text from the filing
On December 1, 2023, the Partnership, as borrower, Parent, as parent guarantor, Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent and an issuing bank, and the financial institutions party thereto as lenders entered into that certain Amendment No. 3 to Third Amended and Restated Credit Agreement (the “Amendment”), which amended certain terms of that certain Third Amended and Restated Credit Agreement, dated as of July 27, 2017
View on SEC.gov
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