Holly Energy Partners, L.P. ( HEP ) dropped 3.5% after-hours as the company said it intends to offer 1,875,000 common units representing limited partner interests in an underwritten public offering. In addition, HollyFrontier Corp. ( HFC ) and certain of its affiliates are collectively offering 1,875,000 common units in the offering as selling unitholders.
HEP is trading at $40.81 after-hours, pulling from a regular session high of $43.21 in a 52-week range of $26.12 - $44.90.
HFC is down 0.4% after-hours in a 52-week range of $28.05 - $59.20.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
