BRENTWOOD, Tenn.–(BUSINESS WIRE)–Delek Logistics Companions, LP (NYSE: DKL) (Delek Logistics (NYSE:)) introduced right now that it has closed its beforehand introduced underwritten public providing of 4,423,075 frequent items representing restricted associate pursuits in Delek Logistics, together with 576,922 frequent items bought pursuant to the underwriters’ full train of their choice to buy extra frequent items, at a worth of $39.00 per unit. Delek Logistics intends to make use of the gross proceeds of roughly $166 million, after underwriting charges and commissions and earlier than different offering-related bills, to redeem its excellent convertible most popular items and to repay excellent borrowings beneath its revolving credit score settlement.
Avigal Soreq, our President, and sure different of our executives, bought 7,177 of the frequent items provided within the providing on the worth provided to the general public.
The providing was made pursuant to an efficient shelf registration assertion beforehand filed with the Securities and Trade Fee (the SEC). A prospectus complement regarding the providing has additionally been filed with the SEC.
BofA Securities, Barclays, and RBC Capital Markets acted as joint book-running managers for the providing. A duplicate of the prospectus complement and accompanying base prospectus regarding the providing could also be obtained from any of the underwriters, together with BofA Securities, NC1-022-02-25 at 201 North Tryon Avenue, Charlotte, North Carolina 28255, Consideration: Prospectus Division or by electronic mail at dg.prospectus_requests@bofa.com; Barclays Capital Inc. at c/o Broadridge Monetary Options (NYSE:), 1155 Lengthy Island Avenue, Edgewood, NY 11717, or by electronic mail at Barclaysprospectus@broadridge.com, or by phone at (888)-603-5847; and RBC Capital Markets, LLC, consideration: Fairness Capital Markets, 200 Vesey Avenue, New York, NY 10281, or by phone at (877)-822-4089 or by electronic mail at equityprospectus@rbcm.com. You might also acquire these paperwork free of charge when they’re out there by visiting the SEC’s web site at www.sec.gov.
This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase, nor shall there be any sale of those securities in any state or jurisdiction through which such provide, solicitation or sale can be illegal previous to registration or qualification beneath the securities legal guidelines of any such state or jurisdiction. The providing could also be made solely by way of a prospectus and associated prospectus complement assembly the necessities of Part 10 of the Securities Act of 1933, as amended (the Securities Act).
About Delek Logistics Companions, LP
Delek Logistics is a midstream vitality grasp restricted partnership headquartered in Brentwood, Tennessee. By means of its owned belongings and joint ventures situated primarily in and across the Permian Basin, the Delaware Basin and different choose areas within the Gulf Coast area, Delek Logistics offers gathering, pipeline, transportation, and different companies for its clients in , intermediates, refined merchandise, , storage, wholesale advertising, terminalling, water disposal and recycling.
Delek US Holdings, Inc. (NYSE: NYSE:) owns the overall associate curiosity in addition to a majority restricted associate curiosity in Delek Logistics and can be a major buyer.
Ahead-Trying Statements
This press launch accommodates forward-looking statements throughout the which means of Part 27A of the Securities Act, Part 21E of the Securities Trade Act of 1934, as amended, and the Non-public Securities Litigation Reform Act of 1995, together with statements relating to the closing of the providing and the anticipated use of the online proceeds therefrom. These statements might comprise phrases similar to attainable, imagine, ought to, may, would, predict, plan, estimate, intend, might, anticipate, will, if, count on or related expressions, in addition to statements sooner or later tense, are made as of the date they have been first issued and are based mostly on present expectations, estimates, forecasts and projections in addition to the beliefs and assumptions of administration. Ahead-looking statements are topic to a lot of dangers and uncertainties, lots of which contain elements or circumstances which might be past Delek Logistics’ management. Delek Logistics’ precise outcomes may differ materially from these said or implied in forward-looking statements attributable to a lot of elements, together with, however not restricted to, market dangers and uncertainties, together with these which could have an effect on the providing, and the affect of any pure disasters or public well being emergencies. These and different potential dangers and uncertainties that would trigger precise outcomes to vary from the outcomes predicted are extra totally detailed in Delek Logistics’ filings and stories with the SEC, together with the Annual Report on Type 10-Okay for the yr ended December 31, 2023 and different stories and filings with the SEC.
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Investor Relations and Media/Public Affairs Contact:
investor.relations@delekus.com
Supply: Delek Logistics Companions, LP
