Item 1.01. Entry into a Material Definitive Agreement.
On November 3, 2009, Holly Corporation entered into agreements with Bank of
America, N.A. and certain existing and new lenders under its Second Amended and
Restated Credit Agreement with Bank of America, N.A., as administrative agent,
swing line lender, and L/C issuer, UBS Loan Finance LLC and U.S. Bank National
Association, as co-documentation agents, Union Bank of California, N.A. and
Compass Bank, as syndication agents, and certain other lenders from time to time
party thereto (the "Credit Agreement"), to increase the amount of the lenders'
aggregate commitments under the Credit Agreement by $50 million. As a result of
the increase, the maximum amount of the Credit Agreement was increased to
$350 million.
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