Delek Logistics Partners, LP (“Delek Logistics”), a Delaware limited partnership, announced today the pricing of its initial public offering of 8,000,000 common units representing limited partner interests in Delek Logistics at $21.00 per unit. The underwriters have been granted a 30-day option to purchase up to an additional 1,200,000 common units at the same price, less underwriting discounts, to cover over-allotments, if any. The common units are expected to begin trading on the New York Stock Exchange on November 2, 2012 under the ticker symbol “DKL.” The offering is expected to close on or about November 7, 2012, subject to customary closing conditions. Upon conclusion of the offering, the public will own a 32.7% limited partner interest in Delek Logistics, or a 37.6% limited partner interest if the underwriters exercise, in full, their option to purchase additional common units. Affiliates of Delek US Holdings, Inc. (NYSE: DK) will hold a 2% general partner interest and a 65.3% limited partner interest in Delek Logistics, or a 60.4% limited partner interest if the underwriters exercise, in full, their option to purchase additional units. BofA Merrill Lynch, Barclays, Goldman, Sachs & Co. and Wells Fargo Securities are acting as joint book-running managers for the offering. Deutsche Bank Securities, Raymond James and Simmons & Company International are acting as co-managers. This offering of common units will be made only by means of a prospectus. When available, a written prospectus, which meets the requirements of Section 10 of the Securities Act of 1933, may be obtained through:
|BofA Merrill Lynch Prospectus Department 222 Broadway, 7th Floor New York, NY 10038 (212) 449-1000 firstname.lastname@example.org||Barclays c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Telephone: 1-888-603-5847 email@example.com|
|Goldman, Sachs & Co. Prospectus Department 200 West Street New York, NY 10282 Telephone: 1-866-471-2526 firstname.lastname@example.org||Wells Fargo Securities Equity Syndicate Department 375 Park Avenue New York, NY 10152 Telephone: 1-800-326-5897 email@example.com|
- Approximately 200 miles of transportation pipelines and a 600 mile crude oil gathering system, in addition to associated storage facilities with 1.4 million barrels of active shell capacity supporting Delek US’ El Dorado and Tyler refineries;
- The Paline pipeline, a 185 mile crude oil pipeline from Longview to Nederland, Texas;
- Delek US’ wholesale marketing business in Texas; and
- Five light product terminals, consisting of the Abilene, Big Sandy and San Angelo terminals in Texas as well as the Nashville and Memphis terminals in Tennessee.