secwatch.observer — SEC 8-K summary
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Issuer:     HOLLY ENERGY PARTNERS LP (—)
CIK:        0001283140
Form:       8-K
Filed at:   2023-12-01T23:59:59+00:00
Accession:  0001193125-23-287465
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 3.01, 3.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Holly Energy Partners merger with HF Sinclair closes; units delisted
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1283140/000119312523287465/0001193125-23-287465-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1283140/000119312523287465/d275726d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-287465

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