BRENTWOOD, Tenn., May 19, 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, intends to offer $400
million in aggregate principal amount of senior notes due
2028 (the "Notes") in a private placement to eligible purchasers,
subject to market 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 will be 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 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