Form D Action: Holly Energy Partners $103.22 million Fundraising. Richard L Voliva III Filed Oct 5 Filing

Oil And Gas Holly Energy Partners Lp - Richard L Voliva III

Holly Energy Partners Financing

Holly Energy Partners Lp, Limited Partnership just submitted form D for $103.22 million equity financing. This is a new filing. Holly Energy Partners was able to fundraise $103.22 million. That is 100.00% of the fundraising offer. The total private financing amount was $103.22 million. The offering form was filed on 2016-10-05. The reason for the financing was: unspecified.

Holly Energy Partners is based in Texas. The company’s business is Oil and Gas. The D form was submitted by Richard L Voliva III Sr. VP and CFO of Holly Logistic Services, L.L.C.. The company was incorporated more than five years ago. The filler’s address is: 2828 N. Harwood, Suite 1300, Dallas, Tx, Texas, 75201. Matthew P Clifton is the related person in the form and it has address: 2828 N. Harwood, Suite 1300, Dallas, Tx, Texas, 75201. Link to Holly Energy Partners Filing: 000120919116145222.

Analysis of Holly Energy Partners Offering

On average, companies in the Oil and Gas sector, sell 13.77% of the total offering size. Holly Energy Partners sold 100.00% of the offering. Could this mean that the trust in Holly Energy Partners is high? The average investment floor size for companies in the Oil and Gas industry is $227,000. The total amount raised is 45,369.43% bigger than the average for companies in the Oil and Gas sector. The minimum investment for this offering was set at $0. If you know more about the reasons for the financing, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Holly Energy Partners Also

The Form D signed by Richard L Voliva III might help Holly Energy Partners Lp’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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