and itssubsidiary Holly Energy Finance Corp. plan to launch an offering of $300million of senior notes due 2024 in a private placement to eligible buyers.

The final termsand principal amount for the proposed offering are subject to marketconditions, Holly said in a July 12 news release.

The noteswould be fully and unconditionally guaranteed by Holly Energy Partners'subsidiaries other than Holly Energy Finance. The net proceeds would be used topay off debts under the partnership's revolving credit agreement.