BRENTWOOD, Tenn., May 20, 2021 /PRNewswire/ -- Delek Logistics
Partners, LP (NYSE: DKL) ("Delek Logistics") announced today that
it, along with Delek Logistics Finance Corp., a subsidiary of Delek
Logistics, priced an offering of $400
million in aggregate principal amount of 7.125% senior notes
due 2028 (the "Notes") at par.
The offering is expected to close May 24,
2021, subject to satisfaction of customary closing
conditions. Delek Logistics intends to use the net proceeds from
the offering to repay a portion of the outstanding borrowings under
its revolving credit facility.
The Notes are being offered only to persons reasonably believed
to be qualified institutional buyers in an offering exempt from
registration in reliance on Rule 144A under the Securities Act of
1933, as amended (the "Securities Act"), and outside the United States in reliance on Regulation S
under the Securities Act. The Notes and related guarantees have not
been registered under the Securities Act or any state securities
laws and may not be offered or sold in the United States without registration or an
applicable exemption from the registration requirements of the
Securities Act or any applicable state securities laws. This press
release is being issued pursuant to Rule 135c under the Securities
Act, and is neither an offer to sell nor a solicitation of an offer
to buy the Notes or any other securities and shall not constitute
an offer to sell or a solicitation of an offer to buy, or a sale
of, the Notes or any other securities in any jurisdiction in which
such offer, solicitation or sale is unlawful.
About Delek Logistics Partners, LP
Delek Logistics Partners, LP, headquartered in Brentwood, Tennessee, was formed by Delek US
Holdings, Inc. (NYSE: DK) to own, operate, acquire and construct
crude oil and refined products logistics and marketing assets.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act and Section 21E of
the Securities Exchange Act of 1934, as amended, including
statements regarding the closing of the offering and the
anticipated use of the net proceeds therefrom. These statements may
contain words such as "possible," "believe," "should," "could,"
"would," "predict," "plan," "estimate," "intend," "may,"
"anticipate," "will," "if," "expect" or similar expressions, as
well as statements in the future tense, are made as of the date
they were first issued and are based on current expectations,
estimates, forecasts and projections as well as the beliefs and
assumptions of management. Forward-looking statements are subject
to a number of risks and uncertainties, many of which involve
factors or circumstances that are beyond Delek Logistics' control.
Delek Logistics' actual results could differ materially from those
stated or implied in forward-looking statements due to a number of
factors, including, but not limited to, market risks and
uncertainties and the impact of any natural disasters or public
health emergencies, such as the COVID-19 pandemic. These and other
potential risks and uncertainties that could cause actual results
to differ from the results predicted are more fully detailed in
Delek Logistics' filings and reports with the Securities and
Exchange Commission ("SEC"), including the Annual Report on Form
10-K for the year ended December 31,
2020, Quarterly Reports on Form 10-Q and other reports and
filings with the SEC.
Information about Delek Logistics Partners, LP can be found on
its website (www.deleklogistics.com), investor relations webpage
(https://www.deleklogistics.com/investor-relations), news webpage
(https://www.deleklogistics.com/news-releases) and its Twitter
account (@DelekLogistics).
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SOURCE Delek Logistics