Holly Energy Partners LP Aktie
WKN: A0B9ZA / ISIN: US4357631070
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31.10.2016 21:51:00
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HollyFrontier Corp. -- Moody's affirms HollyFrontier's Baa3 rating following Petro-Canada Lubricant's acquisition; negative outlook
New York, October 31, 2016 -- Moody's Investors Service (Moody's) changed HollyFrontier Corp.'s (HFC) outlook to negative from stable and affirmed its Baa3 senior unsecured and long-term issuer ratings. These actions follow HFC's announcement on 31 October 2016 to acquire Petro-Canada Lubricants Inc. (PCLI), a subsidiary of Suncor Energy Inc. (Baa1 stable) for approximately $845 million (or CAD$1.125 billion). HFC intends to finance the acquisition, expected to close in the first quarter of 2017, using a combination of debt and balance sheet cash.
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