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EX-10.1 - EX-10.1 - HOLLY ENERGY PARTNERS LPd78731exv10w1.htm
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
January 6, 2011 (December 31, 2010)
HOLLY ENERGY PARTNERS, L.P.
(Exact name of registrant as specified in its charter)
         
Delaware   001-32225   20-0833098
(State of Incorporation)   (Commission File Number)   (I.R.S. Employer
        Identification Number)
100 Crescent Court, Suite 1600, Dallas, Texas 75201-6915
(Address of Principal Executive Offices)
(214) 871-3555
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 1.01 Entry Into a Material Definitive Agreement.
     On December 31, 2010, HEP Tulsa LLC (“HEP Tulsa”), a subsidiary of Holly Energy Partners, L.P. (the “Partnership”) entered into an Amendment to Tulsa Refinery Interconnects Term Sheet (the “Amendment”) with Holly Refining & Marketing — Tulsa LLC (“Holly Tulsa”), a subsidiary of Holly Corporation (“Holly”), the entity that controls the Partnership’s general partner. Under the original Tulsa Refinery Interconnects Term Sheet, if the parties were unable to mutually agree upon definitive documents regarding the transaction described in that term sheet by December 31, 2010, Holly Tulsa would be required to complete the projects and reimburse HEP Tulsa for costs it incurred in connection with the projects, and HEP Tulsa would be required to convey any interest it has in such projects to Holly Tulsa. The Amendment extends the date to enter into definitive documents to March 31, 2011.
     The description of the Amendment is qualified by reference to the copy of the Amendment filed as Exhibit 10.1 to this report, which is incorporated herein by reference in its entirety.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
     
Exhibit No.   Description
 
   
10.1
  Amendment to Tulsa Refinery Interconnects Term Sheet dated December 31, 2010

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SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  HOLLY ENERGY PARTNERS, L.P.
 
 
  By:   HEP Logistics Holdings, L.P., its General Partner  
     
  By:   Holly Logistic Services, L.L.C., its General Partner  
     
  By:   /s/ Bruce R. Shaw    
    Bruce R. Shaw   
    Senior Vice President and
Chief Financial Officer 
 
 
Date: January 6, 2011

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EXHIBIT INDEX
     
Exhibit No.   Description
 
   
10.1
  Amendment to Tulsa Refinery Interconnects Term Sheet dated December 31, 2010

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