Holly Energy Partners, L.P. (NYSE:HEP) announced today the completion of
its two-for-one common unit split. The unit split was effected by the
distribution of one additional common unit for each common unit
outstanding and held by unitholders of record at the close of business
on January 7, 2013 taking the overall number of Holly Energy Partners
common units outstanding to approximately 56.8 million. Post-split,
Holly Energy Partners’ current annualized cash distribution rate will be
$1.85 per unit. Common units will begin trading on a post-split basis on
the New York Stock Exchange as of the market opening on January 17, 2013.
About Holly Energy Partners, L.P.:
Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides
petroleum product and crude oil transportation, tankage and terminal
services to the petroleum industry, including HollyFrontier Corporation,
which currently owns a 44% interest (including a 2% general partner
interest) in Holly Energy. Holly Energy owns and operates petroleum
product and crude pipelines, tankage, terminals and loading facilities
located in Texas, New Mexico, Arizona, Oklahoma, Washington, Idaho,
Utah, Kansas and Wyoming. In addition, Holly Energy owns a 25% interest
in SLC Pipeline LLC, a transporter of crude oil in the Salt Lake City
area, and a 75% interest in UNEV Pipeline, LLC, the owner of a Holly
Energy operated refined products pipeline running from Utah to Las
Vegas, Nevada and related product terminals.
Information about Holly Energy Partners, L.P. may be found on its
website at http://www.hollyenergy.com.
