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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

Vinson & Elkins advised HF Sinclair Corporation (the “Company”), Holly Energy Partners, L.P. (“HEP”) and Holly Energy Finance Corp. (together with HEP, the “HEP Issuers”) in connection with (i) private offers to exchange any and all outstanding (a) 6.375% Senior Notes due 2027 and (b) 5.000% Senior Notes due 2028 previously issued by the HEP Issuers (together, the “HEP Notes”) for new notes to be issued by the Company and cash and (ii) related consent solicitations to adopt certain proposed amendments to the indentures governing each series of the HEP Notes, commenced by the Company on October 30, 2023.

The transactions settled on December 4, 2023.

The Vinson & Elkins team was led by partners Katherine Frank and David Stone and senior associate Amy Deroo, with assistance from associates Walt Baker and Michelle Yang. Also advising were partners Jim Meyer and Wendy Salinas and associate Katie Dillard; and partner Bailey Pham and associate Will Biesel.

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