BRENTWOOD, Tenn.–(BUSINESS WIRE)–Delek Logistics Companions, LP (NYSE: DKL) (Delek Logistics (NYSE:)) introduced at the moment that it has closed its beforehand introduced underwritten public providing of 4,423,075 widespread items representing restricted associate pursuits in Delek Logistics, together with 576,922 widespread items bought pursuant to the underwriters’ full train of their choice to buy further widespread 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 well-liked items and to repay excellent borrowings below its revolving credit score settlement.
Avigal Soreq, our President, and sure different of our executives, bought 7,177 of the widespread items supplied within the providing on the worth supplied 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 Road, Charlotte, North Carolina 28255, Consideration: Prospectus Division or by e-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 e-mail at Barclaysprospectus@broadridge.com, or by phone at (888)-603-5847; and RBC Capital Markets, LLC, consideration: Fairness Capital Markets, 200 Vesey Road, New York, NY 10281, or by phone at (877)-822-4089 or by e-mail at equityprospectus@rbcm.com. You may additionally receive these paperwork without cost when they’re obtainable by visiting the SEC’s web site at www.sec.gov.
This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase, nor shall there be any sale of those securities in any state or jurisdiction wherein such supply, solicitation or sale can be illegal previous to registration or qualification below the securities legal guidelines of any such state or jurisdiction. The providing could also be made solely by the use 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 property and joint ventures positioned 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 providers for its clients in , intermediates, refined merchandise, , storage, wholesale advertising and marketing, terminalling, water disposal and recycling.
Delek US Holdings, Inc. (NYSE: NYSE:) owns the final associate curiosity in addition to a majority restricted associate curiosity in Delek Logistics and can also be a big buyer.
Ahead-Wanting Statements
This press launch accommodates forward-looking statements throughout the that means of Part 27A of the Securities Act, Part 21E of the Securities Trade Act of 1934, as amended, and the Personal 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 could comprise phrases reminiscent of doable, consider, ought to, might, would, predict, plan, estimate, intend, could, anticipate, will, if, count on or related expressions, in addition to statements sooner or later tense, are made as of the date they had 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 quite a few dangers and uncertainties, a lot of which contain elements or circumstances which can be past Delek Logistics’ management. Delek Logistics’ precise outcomes might differ materially from these acknowledged or implied in forward-looking statements resulting from quite a few elements, together with, however not restricted to, market dangers and uncertainties, together with these which could have an effect on the providing, and the impression of any pure disasters or public well being emergencies. These and different potential dangers and uncertainties that might trigger precise outcomes to vary from the outcomes predicted are extra absolutely detailed in Delek Logistics’ filings and experiences with the SEC, together with the Annual Report on Type 10-Okay for the 12 months ended December 31, 2023 and different experiences 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
