Delek Logistics Partners, LP Announces Launch of $250 Million Offering of Senior Notes
15 Mai 2017 - 10:15PM
Delek Logistics Partners, LP (NYSE:DKL) (“Delek Logistics”)
announced today that it, along with Delek Logistics Finance Corp.,
a subsidiary of Delek Logistics, intends to offer $250 million in
aggregate principal amount of senior unsecured notes due 2025 in a
private placement to eligible purchasers, subject to market
conditions.
Delek Logistics intends to use the net proceeds
of the offering to repay a portion of the outstanding borrowings
under its revolving credit facility.
The securities to be offered have not been
registered under the Securities Act of 1933, as amended (the
"Securities Act"), or any state securities laws. Unless so
registered, the securities may not be offered or sold in the United
States except pursuant to an exemption from, or in a transaction
not subject to, the registration requirements of the Securities Act
and applicable state securities laws. Delek Logistics plans to
offer and sell the securities only to qualified institutional
buyers pursuant to Rule 144A under the Securities Act and to
non-U.S. persons in transactions outside the United
States pursuant to Regulation S under the Securities Act.
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, headquartered in Brentwood,
Tennessee, is a growth-oriented master limited partnership 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 regarding this private placement and the use of proceeds
therefrom. These statements are subject to a variety of known and
unknown risks, uncertainties and other factors that are difficult
to predict and many of which are beyond management’s control. These
risks and assumptions are described in Delek Logistics’ annual
report on Form 10-K for the year ended December 31, 2016, quarterly
reports on Form 10-Q and other reports and filings with the United
States Securities and Exchange Commission. There can be no
assurance that actual results will not differ from those expected
by management or described in forward-looking statements of Delek
Logistics. Delek Logistics undertakes no obligation to update
or revise such forward-looking statements to reflect events or
circumstances that occur, or which Delek Logistics becomes aware
of, after the date hereof.
U.S. Investor / Media Relations Contact:
Keith Johnson
Vice President of Investor Relations
615-435-1366
Delek US (NYSE:DK)
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