--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-23-287465" form_type: "8-K" ticker: null cik: "0001283140" company_name: "HOLLY ENERGY PARTNERS LP" filed_at: "2023-12-01T23:59:59+00:00" generated_at: "2026-06-07T19:13:09.702875+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # Holly Energy Partners merger with HF Sinclair closes; units delisted ## Summary - 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. ## SEC filing metadata - accession: 0001193125-23-287465 - form_type: 8-K - cik: 0001283140 - company_name: HOLLY ENERGY PARTNERS LP - filed_at: 2023-12-01T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 1.01, 3.01, 3.03, 5.02, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1283140/000119312523287465/0001193125-23-287465-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1283140/000119312523287465/d275726d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-23-287465 - JSON: https://secwatch.observer/filing/0001193125-23-287465.json - Plain text: https://secwatch.observer/filing/0001193125-23-287465.txt ## Key facts - Executive change Timothy Go was appointed as Chief Executive Officer and President at HOLLY ENERGY PARTNERS LP. - Action: became - Role: Chief Executive Officer and President source text: Timothy Go became Chief Executive Officer and President evidence_url: https://www.sec.gov/Archives/edgar/data/1283140/000119312523287465/0001193125-23-287465-index.htm - Executive change 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 source text: Atanas H. Atanasov became Executive Vice President and Chief Financial Officer evidence_url: https://www.sec.gov/Archives/edgar/data/1283140/000119312523287465/0001193125-23-287465-index.htm - Executive change Larry R. Baldwin departed as Director at HOLLY ENERGY PARTNERS LP. - Action: ceased to serve - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1283140/000119312523287465/0001193125-23-287465-index.htm - Executive change 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1283140/000119312523287465/0001193125-23-287465-index.htm - Executive change Christine B. LaFollette departed as Director at HOLLY ENERGY PARTNERS LP. - Action: ceased to serve - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1283140/000119312523287465/0001193125-23-287465-index.htm - Executive change 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 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1283140/000119312523287465/0001193125-23-287465-index.htm - Executive change Robert I. Jamieson changed role as Vice President, Midstream at HOLLY ENERGY PARTNERS LP. - Action: title changed - Role: Vice President, Midstream source text: Robert I. Jamieson’s title changed from Senior Vice President and Chief Operating Officer to Vice President, Midstream of the General Partner evidence_url: https://www.sec.gov/Archives/edgar/data/1283140/000119312523287465/0001193125-23-287465-index.htm - Executive change Michael C. Jennings departed as Director at HOLLY ENERGY PARTNERS LP. - Action: ceased to serve - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1283140/000119312523287465/0001193125-23-287465-index.htm - Executive change 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 source text: Indira Agarwal became Vice President, Controller and Chief Accounting Officer evidence_url: https://www.sec.gov/Archives/edgar/data/1283140/000119312523287465/0001193125-23-287465-index.htm - Executive change Atanas H. Atanasov was appointed as Director at HOLLY ENERGY PARTNERS LP. - Action: became a director - Role: Director source text: each of Timothy Go, Atanas H. Atanasov and Vaishali S. Bhatia became a director of the General Partner. evidence_url: https://www.sec.gov/Archives/edgar/data/1283140/000119312523287465/0001193125-23-287465-index.htm - Executive change Kenneth Norwood departed as Vice President and Controller at HOLLY ENERGY PARTNERS LP. - Action: ceased to serve - Role: Vice President and Controller source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1283140/000119312523287465/0001193125-23-287465-index.htm - Executive change Vaishali S. Bhatia was appointed as Director at HOLLY ENERGY PARTNERS LP. - Action: became a director - Role: Director source text: each of Timothy Go, Atanas H. Atanasov and Vaishali S. Bhatia became a director of the General Partner. evidence_url: https://www.sec.gov/Archives/edgar/data/1283140/000119312523287465/0001193125-23-287465-index.htm - Executive change James H. Lee departed as Director at HOLLY ENERGY PARTNERS LP. - Action: ceased to serve - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1283140/000119312523287465/0001193125-23-287465-index.htm - Executive change Eric L. Mattson departed as Director at HOLLY ENERGY PARTNERS LP. - Action: ceased to serve - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1283140/000119312523287465/0001193125-23-287465-index.htm - Executive change Timothy Go was appointed as Director at HOLLY ENERGY PARTNERS LP. - Action: became a director - Role: Director source text: each of Timothy Go, Atanas H. Atanasov and Vaishali S. Bhatia became a director of the General Partner. evidence_url: https://www.sec.gov/Archives/edgar/data/1283140/000119312523287465/0001193125-23-287465-index.htm - Executive change Mark A. Petersen departed as Director at HOLLY ENERGY PARTNERS LP. - Action: ceased to serve - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1283140/000119312523287465/0001193125-23-287465-index.htm - Material Agreements 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1283140/000119312523287465/0001193125-23-287465-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.