Nov 02, 2009 (M2 EQUITYBITES via COMTEX News Network) -- 3 November 2009 - US investment banking and securities firm Goldman
Sachs (NYSE:GS) and UBS Investment Bank, part of financial services
giant UBS (NYSE:UBS), are acting as joint book-running managers for the
public offering of Holly Energy Partners (NYSE:HEP), the Dallas-based
oil transportation provider said on Monday.
US investment banking firm SMH Capital will co-manage the planned
offering of 1.9 million common units representing limited partner
interests.
The underwriters are given a 30-day option to buy additional shares of
up to 285,000.
The Partnership will use the raised funds to fund pending and potential
tankage and pipeline assets acquisitions, to pay off bank loans and for
general partnership purposes.
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