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Holly Energy Partners LP – ‘10-Q’ for 3/31/22 – ‘EX-4.2’

On:  Monday, 5/9/22, at 2:15pm ET   ·   For:  3/31/22   ·   Accession #:  1283140-22-24   ·   File #:  1-32225

Previous ‘10-Q’:  ‘10-Q’ on 11/3/21 for 9/30/21   ·   Next:  ‘10-Q’ on 8/8/22 for 6/30/22   ·   Latest:  ‘10-Q’ on 11/2/23 for 9/30/23   ·   12 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 5/09/22  Holly Energy Partners LP          10-Q        3/31/22   88:10M

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.10M 
 2: EX-2.1      Plan of Acquisition, Reorganization, Arrangement,   HTML     34K 
                Liquidation or Succession                                        
 3: EX-4.2      Instrument Defining the Rights of Security Holders  HTML     41K 
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     27K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     27K 
 6: EX-32.1     Certification -- §906 - SOA'02                      HTML     24K 
 7: EX-32.2     Certification -- §906 - SOA'02                      HTML     24K 
13: R1          Cover Page                                          HTML     77K 
14: R2          Consolidated Balance Sheeets                        HTML    146K 
15: R3          Consolidated Balance Sheeets (Parenthetical)        HTML     41K 
16: R4          Consolidated Statements of Income                   HTML    110K 
17: R5          Consolidated Statements of Cash Flows               HTML    128K 
18: R6          Consolidated Statements of Equity                   HTML     51K 
19: R7          Description of Business and Presentation of         HTML     52K 
                Financial Statements                                             
20: R8          Sinclair Acquisition                                HTML     60K 
21: R9          Investment in Joint Venture                         HTML     30K 
22: R10         Revenues                                            HTML     57K 
23: R11         Leases                                              HTML    242K 
24: R12         Fair Value Measurements                             HTML     37K 
25: R13         Properties and Equipment                            HTML     36K 
26: R14         Intangible Assets                                   HTML     37K 
27: R15         Employees, Retirement and Incentive Plans           HTML     43K 
28: R16         Debt                                                HTML     43K 
29: R17         Related Party Transactions                          HTML     35K 
30: R18         Partners' Equity, Income Allocations and Cash       HTML     28K 
                Distributions                                                    
31: R19         Net Income Per Limited Partner Unit                 HTML     37K 
32: R20         Environmental                                       HTML     27K 
33: R21         Contingencies                                       HTML     25K 
34: R22         Segment Information                                 HTML     68K 
35: R23         Supplemental Guarantor / Non-Guarantor Financial    HTML    299K 
                Information                                                      
36: R24         Description of Business and Presentation of         HTML     57K 
                Financial Statements (Policies)                                  
37: R25         Sinclair Acquisition (Tables)                       HTML     55K 
38: R26         Revenues (Tables)                                   HTML     58K 
39: R27         Leases (Tables)                                     HTML    138K 
40: R28         Fair Value Measurements (Tables)                    HTML     32K 
41: R29         Properties and Equipment (Tables)                   HTML     36K 
42: R30         Intangible Assets (Tables)                          HTML     37K 
43: R31         Employees, Retirement and Incentive Plans (Tables)  HTML     37K 
44: R32         Debt (Tables)                                       HTML     38K 
45: R33         Net Income Per Limited Partner Unit (Tables)        HTML     35K 
46: R34         Segment Information (Tables)                        HTML     63K 
47: R35         Supplemental Guarantor / Non-Guarantor Financial    HTML    299K 
                Information (Tables)                                             
48: R36         Description of Business and Presentation of         HTML    110K 
                Financial Statements (Details)                                   
49: R37         Sinclair Acquisition - Narrative (Details)          HTML     83K 
50: R38         Sinclair Acquisition - Schedule of Recognized       HTML     39K 
                Identified Assets Acquired and Liabilities Assumed               
                (Details)                                                        
51: R39         Sinclair Acquisition - Schedule of Preliminary      HTML     65K 
                Purchase Consideration (Details)                                 
52: R40         Sinclair Acquisition - Schedule of Pro Forma        HTML     29K 
                Information (Details)                                            
53: R41         Investment in Joint Venture (Details)               HTML     37K 
54: R42         Revenues - Schedule of Disaggregated Revenue        HTML     35K 
                (Details)                                                        
55: R43         Revenues - Schedule of Affiliate and Third Party    HTML     33K 
                Revenues (Details)                                               
56: R44         Revenues - Schedule of Contract Asset and           HTML     27K 
                Liability Balances (Details)                                     
57: R45         Revenues - Narrative (Details)                      HTML     28K 
58: R46         Revenues - Schedule of Future Performance           HTML     46K 
                Obligations (Details)                                            
59: R47         Leases - Narrative (Details)                        HTML     44K 
60: R48         Leases - Supplemental Balance Sheet (Details)       HTML     61K 
61: R49         Leases - Supplemental Cash Flow Information         HTML     30K 
                (Details)                                                        
62: R50         Leases - Operating and Finance Lease Maturities     HTML     71K 
                (Details)                                                        
63: R51         Leases - Components of Lease Expense (Details)      HTML     34K 
64: R52         Leases - Gain on Sales-Type Leases (Details)        HTML     30K 
65: R53         Leases - Schedule of Lease Income (Details)         HTML     34K 
66: R54         Leases - Schedule of Minimum Undiscounted Lease     HTML     71K 
                Payments (Details)                                               
67: R55         Leases - Net Investments in Leases (Details)        HTML     33K 
68: R56         Fair Value Measurements (Details)                   HTML     33K 
69: R57         Properties and Equipment (Details)                  HTML     46K 
70: R58         Intangible Assets (Details)                         HTML     62K 
71: R59         Employees, Retirement and Incentive Plans -         HTML     39K 
                Retirement and Benefit Plan Costs (Details)                      
72: R60         Employees, Retirement and Incentive Plans -         HTML     56K 
                Phantom Units (Details)                                          
73: R61         Employees, Retirement and Incentive Plans -         HTML     51K 
                Performance Units (Details)                                      
74: R62         Debt - Credit Agreement (Details)                   HTML     29K 
75: R63         Debt - Senior Notes (Details)                       HTML     36K 
76: R64         Debt - Long-Term Debt (Details)                     HTML     40K 
77: R65         Related Party Transactions (Details)                HTML     94K 
78: R66         Partners' Equity Income Allocations and Cash        HTML     39K 
                Distributions (Details)                                          
79: R67         Net Income Per Limited Partner Unit (Details)       HTML     52K 
80: R68         Environmental (Details)                             HTML     37K 
81: R69         Segments Information (Details)                      HTML     91K 
82: R70         Supplemental Guarantor / Non-Guarantor Financial    HTML    191K 
                Information - Condensed Consolidating Balance                    
                Sheet (Details)                                                  
83: R71         Supplemental Guarantor / Non-Guarantor Financial    HTML    145K 
                Information - Condensed Consolidating Statement Of               
                Income (Details)                                                 
86: XML         IDEA XML File -- Filing Summary                      XML    155K 
84: XML         XBRL Instance -- hep-20220331_htm                    XML   2.85M 
85: EXCEL       IDEA Workbook of Financial Reports                  XLSX    114K 
 9: EX-101.CAL  XBRL Calculations -- hep-20220331_cal                XML    265K 
10: EX-101.DEF  XBRL Definitions -- hep-20220331_def                 XML    803K 
11: EX-101.LAB  XBRL Labels -- hep-20220331_lab                      XML   1.75M 
12: EX-101.PRE  XBRL Presentations -- hep-20220331_pre               XML   1.17M 
 8: EX-101.SCH  XBRL Schema -- hep-20220331                          XSD    177K 
87: JSON        XBRL Instance as JSON Data -- MetaLinks              426±   633K 
88: ZIP         XBRL Zipped Folder -- 0001283140-22-000024-xbrl      Zip    347K 


‘EX-4.2’   —   Instrument Defining the Rights of Security Holders


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



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  Document  
Exhibit 4.2
FIRST SUPPLEMENTAL INDENTURE
Dated as of March 14, 2022
to
Indenture dated as of February 4, 2020

This First Supplemental Indenture (this “First Supplemental Indenture”), dated as of March 14, 2022, among Sinclair Transportation Company LLC, a Wyoming limited liability company, Sinclair Logistics LLC, a Wyoming limited liability company, and Sinclair Pipeline Company LLC, a Wyoming limited liability company (collectively, the “Guaranteeing Subsidiaries”), Holly Energy Partners, L.P., a Delaware limited partnership (“Holly Energy Partners”), and Holly Energy Finance Corp. (Finance Corp. and collectively with Holly Energy Partners, the Issuers), the other Guarantors (as defined in the Indenture referred to herein) and U.S. Bank Trust Company, National Association (successor in interest to U.S. Bank National Association), as trustee under the Indenture referred to herein (the “Trustee”).

W I T N E S S E T H
WHEREAS, the Issuers have heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of February 4, 2020, providing for the issuance of 5.000% Senior Notes due 2028 (the “Notes”);
WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiaries shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiaries shall unconditionally guarantee all of the Issuers’ Obligations under the Notes and the Indenture on the terms and conditions set forth therein (the “Note Guarantee”); and
WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this First Supplemental Indenture.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiaries and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
1.    Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.    Agreement to Guarantee. The Guaranteeing Subsidiaries hereby agree to provide an unconditional Guarantee on the terms and subject to the conditions set forth in the Note Guarantee and in the Indenture including but not limited to Article 10 thereof.
3.    No Recourse Against Others. No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiaries, as such, shall have any liability for any obligations of the Issuers or any Guaranteeing Subsidiaries under the Notes, any Note Guarantees, the Indenture or this First Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the U.S. Securities and Exchange Commission that such a waiver is against public policy.
US 8713949


4.    NEW YORK LAW TO GOVERN. THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS FIRST SUPPLEMENTAL INDENTURE.
5.    Counterparts. The parties may sign any number of copies of this First Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
6.    Effect of Headings. The Section headings herein are for convenience only and shall not affect the construction hereof.
7.    The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this First Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiaries and the Issuers.
[Remainder of Page Intentionally Left Blank]
    2


IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be duly executed and attested, all as of the date first above written.
GUARANTEEING SUBSIDIARIES:
SINCLAIR TRANSPORTATION COMPANY LLC, a Wyoming limited liability company


By: /s/ John Harrison     
    John Harrison
    Senior Vice President, Chief Financial Officer and     Treasurer
    


SINCLAIR LOGISTICS LLC, a Wyoming limited liability company

By:    Sinclair Transportation Company LLC, a Wyoming limited liability company, its Sole Member

By: /s/ John Harrison    
    John Harrison
    Senior Vice President, Chief Financial Officer and     Treasurer



SINCLAIR PIPELINE COMPANY LLC, a Wyoming limited liability company

By:    Sinclair Transportation Company LLC, a Wyoming limited liability company, its Sole Member

By: /s/ John Harrison    
John Harrison
    Senior Vice President, Chief Financial Officer and     Treasurer





ISSUERS:

HOLLY ENERGY PARTNERS, L.P.

By:    HEP Logistic Holdings, L.P.,
its general partner
Signature Page to First Supplemental Indenture



By:    Holly Logistic Services, L.L.C.,
its general partner


By: /s/ John Harrison                
    John Harrison
    Senior Vice President, Chief Financial     
    Officer and Treasurer


HOLLY ENERGY FINANCE CORP.


By: /s/ John Harrison        
    John Harrison
    Senior Vice President, Chief Financial Officer and     Treasurer

Signature Page to First Supplemental Indenture


OTHER GUARANTORS:
CHEYENNE LOGISTICS LLC, a Delaware limited liability company

EL DORADO LOGISTICS LLC, a Delaware limited liability company

EL DORADO OPERATING LLC, a Delaware limited liability company

EL DORADO OSAGE LLC, a Delaware limited liability company

FRONTIER ASPEN LLC, a Delaware limited liability company

HEP CHEYENNE LLC, a Delaware limited liability company

HEP CUSHING LLC, a Delaware limited liability company

HEP EL DORADO LLC, a Delaware limited liability company

HEP LOGISTICS GP, L.L.C., a Delaware limited liability company

HEP MOUNTAIN HOME, L.L.C., a Delaware limited liability company

HEP OKLAHOMA, LLC, a Delaware limited liability company

HEP PIPELINE, L.L.C., a Delaware limited liability company

HEP PIPELINE GP, L.L.C., a Delaware limited liability company

HEP REFINING, L.L.C., a Delaware limited liability company

HEP REFINING GP, L.L.C., a Delaware limited liability company

HEP TULSA LLC, a Delaware limited liability company

HEP UNEV HOLDINGS LLC, a Delaware limited liability company

Signature Page to First Supplemental Indenture


HEP UNEV PIPELINE LLC, a Delaware limited liability company

HEP WOODS CROSS, L.L.C., a Delaware limited liability company

HOLLY ENERGY HOLDINGS LLC, a Delaware limited liability company

HOLLY ENERGY STORAGE-LOVINGTON LLC, a Delaware limited liability company

LOVINGTON-ARTESIA, L.L.C., a Delaware limited liability company

ROADRUNNER PIPELINE, L.L.C., a Delaware limited liability company

SLC PIPELINE LLC, a Delaware limited liability company

WOODS CROSS OPERATING LLC, a Delaware limited liability company


By: /s/ John Harrison        
    John Harrison
Senior Vice President, Chief Financial Officer and Treasurer



Signature Page to First Supplemental Indenture


HEP FIN-TEX/TRUST RIVER, L.P., a Texas limited partnership

HEP NAVAJO SOUTHERN, L.P., a Delaware limited partnership

HEP PIPELINE ASSETS, LIMITED PARTNERSHIP, a Delaware limited partnership

Each by:    HEP Pipeline GP, L.L.C., a Delaware limited liability company, its General Partner


By: /s/ John Harrison        
John Harrison
Senior Vice President, Chief Financial Officer and Treasurer



HEP REFINING ASSETS, L.P., a Delaware limited partnership

By:    HEP Refining GP, L.L.C., a Delaware limited liability company, its General Partner


                        By:     /s/ John Harrison                 
John Harrison
Senior Vice President, Chief Financial Officer and Treasurer



HOLLY ENERGY PARTNERS—OPERATING, L.P., a Delaware limited partnership

By:    HEP Logistics GP, L.L.C., a Delaware limited liability company, its General Partner


                        By:     /s/ John Harrison                
John Harrison
Senior Vice President, Chief Financial Officer and Treasurer

U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION,
as Trustee
By:     /s/ Michael K. Herberger            
Name:    Michael K. Herberger
Title:    Vice President
Signature Page to First Supplemental Indenture



Signature Page to First Supplemental Indenture

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:5/9/228-K
For Period end:3/31/22EFFECT
3/14/223,  8-K,  8-K/A
2/4/208-K
 List all Filings 


6 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/21/24  HF Sinclair Corp.                 10-K       12/31/23  133:18M
 2/28/23  HF Sinclair Corp.                 10-K       12/31/22  131:21M
 2/28/23  Holly Energy Partners LP          10-K       12/31/22  108:15M
11/07/22  Holly Energy Partners LP          S-3/A                  3:189K                                   Donnelley … Solutions/FA
 5/23/22  Holly Energy Partners LP          S-3                   12:1.7M                                   Donnelley … Solutions/FA
 5/09/22  HF Sinclair Corp.                 10-Q        3/31/22   93:11M


6 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/08/22  Holly Energy Partners LP          8-K:1,2,9   4/08/22   11:968K                                   Donnelley … Solutions/FA
 3/16/22  Holly Energy Partners LP          8-K/A:9     3/14/22   14:671K                                   Donnelley … Solutions/FA
 3/14/22  Holly Energy Partners LP          8-K:1,2,3,5 3/14/22   14:3.3M                                   Donnelley … Solutions/FA
11/01/17  Holly Energy Partners LP          8-K:3,5,7  10/31/17    3:716K
 5/03/11  Holly Energy Partners LP          8-K:5,9     4/27/11    2:26K                                    Donnelley … Solutions/FA
 8/20/04  Holly Energy Partners LP          10-Q        6/30/04   21:1.6M                                   RR Donnelley
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