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: May 20, 2008
HOLLY ENERGY PARTNERS, L.P.
(Exact name of Registrant as specified in its charter)
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Delaware
(State or other jurisdiction of
incorporation)
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001-32225
(Commission File Number)
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20-0833098
(I.R.S. Employer
Identification Number) |
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100 Crescent Court,
Suite 1600
Dallas, Texas
(Address of principal executive offices)
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75201-6915
(Zip code) |
Registrant’s telephone number, including area code: (214) 871-3555
Not applicable
(Former name or former address, if changed since last report)
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
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| Item 7.01 |
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Regulation FD Disclosure. |
Holly Energy Partners, L.P. (the “Partnership”) has completed a preliminary evaluation of the
effects on the Partnership of the temporary shutdown of the fluid catalytic cracking unit (“FCC”)
at Holly Corporation’s (“Holly”) Navajo Refinery located in Artesia, New Mexico.
In a press release dated May 19, 2008, Holly announced that the temporary FCC shutdown was
expected to result in reductions for the month of May of 20,000 to 25,000 barrels per day (“BPD”)
in crude charge rate, 13,000 to 18,000 BPD in gasoline production, and 3,000 to 5,000 BPD in diesel
production from the Navajo Refinery’s maximum rates. The Partnership has three agreements with
Holly that relate to the transportation of refined products, intermediate products and crude oil
for the Navajo Refinery. Under each of these agreements, the Partnership has minimum revenue
commitments. Though the Navajo Refinery will transport reduced volumes on the Partnership’s
pipelines during the month of May because of the temporary FCC shutdown, we do not expect the
impact on distributable cash flow to be significant.
In accordance with General Instruction B.2 of Form 8-K, the information furnished in this
report on Form 8-K pursuant to Item 7.01 shall not be deemed to be “filed” for the purposes of
Section 18 of the Securities Exchange Act of 1934 (“Exchange Act”), or otherwise subject to the
liabilities of that section, unless the Partnership specifically incorporates it by reference in a
document filed under the Exchange Act or the Securities Act of 1933. By filing this report on Form
8-K and furnishing the information pursuant to Item 7.01, the Partnership makes no admission as to
the materiality of any information in this report furnished pursuant to Item 7.01 or that any such
information includes material investor information that is not otherwise publicly available.
The information furnished in this report on Form 8-K pursuant to Item 7.01 is summary
information that is intended to be considered in the context of the Partnership’s Securities and
Exchange Commission (“SEC”) filings and other public announcements that the Partnership may make,
by press release or otherwise, from time to time. The Partnership disclaims any current intention
to revise or update the information furnished in this report on Form 8-K pursuant to Item 7.01,
although the Partnership may do so from time to time as its management believes is warranted. Any
such updating may be made through the furnishing or filing of other reports or documents with the
SEC, through press releases or through other public disclosure.
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