Delek Logistics Partners LP Launches Initial Public Offering


Thursday, 25 Oct 2012 12:00pm EDT 

Delek Logistics Partners LP announced that it has commenced an initial public offering of 8,000,000 common units representing limited partner interests in Delek Logistics pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission ("SEC"). Delek Logistics intends to grant the underwriters a 30-day option to purchase up to an additional 1,200,000 common units. The common units being offered to the public have been approved for listing on the New York Stock Exchange and will be traded under the symbol "DKL," subject to official notice of issuance. The common units being offered to the public represent a 32.7% limited partner interest in Delek Logistics, or a 37.6% limited partner interest if the underwriters exercise, in full, their option to purchase additional common units. Affiliates of Delek US Holdings, Inc. will hold a 2% general partner interest and a 65.3% limited partner interest in Delek Logistics, or a 60.4% limited partner interest if the underwriters exercise, in full, their option to purchase additional units. BofA Merrill Lynch, Barclays, Goldman, Sachs & Co. and Wells Fargo Securities are acting as joint book-running managers for the offering. Deutsche Bank Securities, Raymond James and Simmons & Company International are acting as co-managers. 

Company Quote

34.46
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22 Jul 2014