Goldman Sachs, UBS Investment Bank to jointly run Holly Energy Partners' offering
Nov 02, 2009 (M2 EQUITYBITES via COMTEX) --
Companies: Goldman Sachs Group, Inc. (GS), Holly Energy Partners LP (HEP), UBS AG (UBS)
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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Companies: Goldman Sachs Group, Inc. (GS), Holly Energy Partners LP (HEP), UBS AG (UBS)
Related terms: acquisition, bank, banking, energy, financial services, investment bank, nyse, oil, partnership, pipeline, securities, transportation
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