HOUSTON – 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. For additional information, click here.
Holly Energy Partners, L.P. attorneys working on this transaction included:
Denise C. McWatters and Vaishali Shah Bhatia
Bracewell attorneys working on this transaction included:
Partners: Jason M. Jean and Daniel E. Hemli
Counsels: Ian R. Brown and Jacqueline R. Java
Associates: Derek A.B. Speck, Charlotte Keenan and Melanie C. Goebel