SEC Form S-8 POS filed by Holly Energy Partners L.P.

$HEP
Natural Gas Distribution
Energy
Get the next $HEP alert in real time by email
S-8 POS 1 d608300ds8pos.htm S-8 POS S-8 POS

As filed with the Securities and Exchange Commission on December 4, 2023

Registration No. 333-134784

Registration No. 333-182865

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT NO. 333-134784

POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT NO. 333-182865

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

 

HOLLY ENERGY PARTNERS, L.P.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   20-0833098

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification Number)

2828 N. Harwood St., Suite 1300

Dallas, Texas 75201

(214) 871-3555

(Address, including zip code, and telephone number, including area code, of Registrant’s principal executive offices)

Holly Energy Partners, L.P. Long-Term Incentive Plan

(Full title of the plan)

Vaishali S. Bhatia

Executive Vice President, General Counsel and Secretary

Holly Energy Partners, L.P.

2828 N. Harwood St., Suite 1300

Dallas, Texas 75201

(214) 871-3555

(Name, address, including zip code, and telephone number, including area code, of agent for service)

Copy to:

Katherine Terrell Frank

Vinson & Elkins L.L.P.

Trammell Crow Center

2001 Ross Avenue, Suite 3900

Dallas, Texas 75201

(214) 220-7700

 

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

 

Large accelerated filer      Accelerated filer  
Non-accelerated filer      Smaller Reporting Company  
     Emerging Growth Company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.  ☐

 

 

 


EXPLANATORY NOTE/ DEREGISTRATION OF SECURITIES

These Post-Effective Amendments (these “Post-Effective Amendments”) relate to the following Registration Statements on Form S-8 (each, a “Registration Statement,” and collectively, the “Registration Statements”), filed with the Securities and Exchange Commission (the “SEC”) by Holly Energy Partners, L.P., a Delaware limited partnership (the “Registrant”):

 

  1.

Registration Statement No. 333-134784, filed with the SEC on June 6, 2006, pertaining to the registration of 700,000 common units of the Registrant, representing limited partner interests (the “Common Units”) (as adjusted to reflect the two-for-one common unit split that occurred on January 16, 2013), reserved for issuance under the Holly Energy Partners, L.P. Long-Term Incentive Plan, as amended (the “HEP LTIP”); and

 

  2.

Registration Statement No. 333-182865, filed with the SEC on July 26, 2012, pertaining to the registration of an additional 2,000,000 Common Units (as adjusted to reflect the two-for-one common unit split that occurred on January 16, 2013) reserved for issuance under the HEP LTIP.

On December 1, 2023, pursuant to the terms of an Agreement and Plan of Merger (the “Merger Agreement”), dated as of August 15, 2023, by and among HF Sinclair Corporation, a Delaware corporation (“HF Sinclair”), Navajo Pipeline Co., L.P., a Delaware limited partnership and an indirect wholly owned subsidiary of HF Sinclair (“HoldCo”), Holly Apple Holdings LLC, a Delaware limited liability company and a wholly owned subsidiary of HoldCo (“Merger Sub”), HEP Logistics Holdings, L.P., a Delaware limited partnership and the general partner of the Registrant (“HLH”), and Holly Logistic Services, L.L.C., a Delaware limited liability company and the general partner of HLH, and the Registrant, Merger Sub merged with and into the Registrant, with the Registrant surviving the merger as an indirect, wholly owned subsidiary of HF Sinclair (the “Merger”).

As a result of the Merger and the other transactions contemplated by the Merger Agreement, the Registrant has terminated any and all offerings of its securities pursuant to the Registration Statements. In accordance with an undertaking made by the Registrant in the Registration Statements to remove from registration, by means of a post-effective amendment, any of the securities registered under the Registration Statements that remain unissued at the termination of the offerings, by filing these Post-Effective Amendments, the Registrant hereby removes from registration all securities registered but unsold under such Registration Statements, if any, as of the date hereof, and the Registration Statements are hereby amended, as appropriate, to reflect the deregistration of such securities.


SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused these Post-Effective Amendments to the Registration Statements on Form S-8 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Dallas, State of Texas, on December 4, 2023.

HOLLY ENERGY PARTNERS, L.P.

By: HEP LOGISTICS HOLDINGS, L.P.

its General Partner

By: HOLLY LOGISTIC SERVICES, L.L.C.

its General Partner

 

Date: December 4, 2023     By:  

/s/ Atanas H. Atanasov

    Name:   Atanas H. Atanasov
    Title:   Executive Vice President and Chief Financial Officer

No other person is required to sign these Post-Effective Amendments to the Registration Statements on Form S-8 in reliance on Rule 478 of the Securities Act of 1933, as amended.

Get the next $HEP alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$HEP

DatePrice TargetRatingAnalyst
12/9/2022$19.00Neutral
Citigroup
2/23/2022$21.00 → $20.00Outperform
Raymond James
1/20/2022$20.00 → $17.00Equal-Weight → Underweight
Barclays
12/16/2021$22.00Equal-Weight → Overweight
Wells Fargo
10/19/2021$19.00 → $20.00Overweight → Equal-Weight
Barclays
8/10/2021$21.00 → $20.00Neutral
Credit Suisse
8/4/2021$22.00 → $21.00Outperform
Raymond James
8/4/2021$24.00 → $20.00Neutral → Underweight
JP Morgan
More analyst ratings

$HEP
Press Releases

Fastest customizable press release news feed in the world

See more
  • TortoiseEcofin Announces Constituent Changes Due to Corporate Action

    OVERLAND PARK, KS / ACCESSWIRE / November 30, 2023 / TortoiseEcofin today announced that Holly Energy Partners LP (NYSE:HEP) will be removed from the Tortoise MLP Index® (TMLP) and the Tortoise North American Pipeline IndexSM (TNAP) as a result of the approved acquisition by HF Sinclair Corp (NYSE:DINO). Due to the acquisition, HEP will be removed from indices at market open on Friday, December 1, 2023.For the Tortoise MLP Index® (TMLP), HEP will be removed with a special rebalancing.Special rebalancings in TMLP are triggered by corporate actions such as mergers, bankruptcies, liquidations, and conversions in which the resulting weight of a single constituent exceeds the index's 7.5% thresho

    $DINO
    $HEP
    $TEAF
    Natural Gas Distribution
    Energy
    Trusts Except Educational Religious and Charitable
    Finance
  • HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Expiration and Final Results of Exchange Offers and Consent Solicitations for Outstanding Notes of the HEP Issuers

    HF Sinclair Corporation (NYSE:DINO) ("HF Sinclair") and Holly Energy Partners, L.P. (NYSE:HEP) ("HEP") today announced the expiration and final results of the previously announced (i) private offers to exchange (each an "Exchange Offer" and, collectively, the "Exchange Offers") any and all outstanding (a) 6.375% Senior Notes due 2027 (the "2027 Notes") and (b) 5.000% Senior Notes due 2028 (the "2028 Notes" and, together with the 2027 Notes, the "HEP Notes") previously issued by HEP and Holly Energy Finance Corp. ("Finance Corp." and, together with HEP, the "HEP Issuers") for new notes to be issued by HF Sinclair (the "New Notes"), with registration rights, and cash, and (ii) consent solicit

    $DINO
    $HEP
    Natural Gas Distribution
    Energy
  • HF Sinclair Corporation Stockholders and Holly Energy Partners, L.P. Unitholders Approve Merger Transaction

    HF Sinclair Corporation (NYSE:DINO) ("HF Sinclair") and Holly Energy Partners, L.P. ("HEP") (NYSE:HEP) announced that at a special meeting of HEP unitholders (the "HEP Special Meeting") and a special meeting of HF Sinclair stockholders (the "HF Sinclair Special Meeting"), each held today, (i) HEP unitholders voted to approve the previously announced Agreement and Plan of Merger (as the same may be amended or supplemented from time to time, the "Merger Agreement"), dated as of August 15, 2023, by and among HF Sinclair, Navajo Pipeline Co., L.P., Holly Apple Holdings LLC ("Merger Sub"), HEP Logistics Holdings, L.P., Holly Logistic Services, L.L.C. and HEP, and the transactions contemplated th

    $DINO
    $HEP
    Natural Gas Distribution
    Energy

$HEP
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$HEP
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$HEP
SEC Filings

See more

$HEP
Leadership Updates

Live Leadership Updates

See more
  • HF Sinclair Corporation and Holly Energy Partners Announce Management Changes

    HF Sinclair Corporation (NYSE:DINO) ("HF Sinclair") today announced the appointment of Atanas H. Atanasov as Executive Vice President and Chief Financial Officer of HF Sinclair effective September 30, 2022, and Holly Energy Partners, L.P. (NYSE:HEP) ("HEP") today announced the appointment of Michael C. Jennings as President of Holly Logistic Services, L.L.C. ("HLS") effective today. HLS is the ultimate general partner of HEP. Mr. Atanasov currently serves as Chief Financial Officer of Lummus Technology LLC, a global chemical technologies company for the petrochemical and energy industries, a position he has held since April 2022. Prior to joining Lummus, Mr. Atanasov served as the Executiv

    $DINO
    $HEP
    Natural Gas Distribution
    Energy

$HEP
Financials

Live finance-specific insights

See more
  • Holly Energy Partners, L.P. Reports Second Quarter Results

    Reported net income attributable to HEP of $50.2 million or $0.40 per unit Announced quarterly distribution of $0.35 per unit Reported EBITDA of $82.2 million and Adjusted EBITDA of $103.2 million Holly Energy Partners, L.P. ("HEP" or the "Partnership") (NYSE:HEP) today reported financial results for the second quarter of 2023. Net income attributable to HEP for the second quarter of 2023 was $50.2 million ($0.40 per basic and diluted limited partner unit), compared to $56.8 million ($0.45 per basic and diluted limited partner unit) for the second quarter of 2022. The decrease in net income attributable to HEP was mainly due to higher interest expense associated with higher inte

    $HEP
    Natural Gas Distribution
    Energy
  • Holly Energy Partners, L.P. Reports First Quarter Results

    Reported net income attributable to HEP of $57.5 million or $0.45 per unit Announced quarterly distribution of $0.35 per unit Reported EBITDA of $87.8 million and Adjusted EBITDA of $108.4 million Holly Energy Partners, L.P. ("HEP" or the "Partnership") (NYSE:HEP) today reported financial results for the first quarter of 2023. Net income attributable to HEP for the first quarter of 2023 was $57.5 million ($0.45 per basic and diluted limited partner unit), compared to $49.6 million ($0.45 per basic and diluted limited partner unit) for the first quarter of 2022. The increase in net income attributable to HEP was mainly due to net income from Sinclair Transportation Company LLC ("

    $HEP
    Natural Gas Distribution
    Energy
  • Holly Energy Partners, L.P. Reports Fourth Quarter Results

    Reported net income attributable to HEP of $68.5 million or $0.54 per unit Announced quarterly distribution of $0.35 per unit Reported EBITDA of $88.6 million and Adjusted EBITDA of $115.7 million Holly Energy Partners, L.P. ("HEP" or the "Partnership") (NYSE:HEP) today reported financial results for the fourth quarter of 2022. Net income attributable to HEP for the fourth quarter was $68.5 million ($0.54 per basic and diluted limited partner unit) compared to $45.6 million ($0.43 per basic and diluted limited partner unit) for the fourth quarter of 2021. Distributable cash flow was $85.8 million for the fourth quarter of 2022, an increase of $22.7 million, or 36.1%, compared to the

    $HEP
    Natural Gas Distribution
    Energy

$HEP
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more