Holly Energy Partners, L.P.’s $250 Million Acquisition of Interest in SLC and Frontier Pipelines


Bracewell LLP is advising Holly Energy Partners, L.P. (NYSE: HEP) in its acquisition from Plains All American Pipeline, L.P. (NYSE: PAA) of the 50% interest in Frontier Aspen LLC and the 75% interest in SLC Pipeline LLC that Holly Energy Partners, L.P. does not already own for aggregate consideration of $250 million.

Upon consummation of the transactions, Holly Energy Partners, L.P. will own all the outstanding interests in each company.

Bracewell advised with a team including Jason M. Jean (Picture), Daniel E. Hemli, Ian R. Brown, Jacqueline R. Java, Derek A.B. Speck, Charlotte Keenan and Melanie C. Goebel.

Involved fees earner: Jason Jean – Bracewell & Giuliani; Ian Brown – Bracewell & Giuliani; Derek Speck – Bracewell & Giuliani; Charlotte Keenan – Bracewell & Giuliani; Melanie Goebel – Bracewell & Giuliani; Daniel Hemli – Bracewell & Giuliani; Jacqueline Java – Bracewell & Giuliani;

Law Firms: Bracewell & Giuliani;

Clients: Holly Energy Partners, L.P.;

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Author: Ambrogio Visconti