Delek Logistics receives tenders for 62.4% of 6¾% notes due 2025

Chicago, March 11 – Delek Logistics Partners, LP and subsidiary Delek Logistics Finance Corp. announced the results of an any-and-all tender offer for their $250 million of outstanding 6¾% senior notes due 2025 (Cusips: 24665FAB8, 24665FAA0) at the offer’s end, according to a press release.

As of the 5 p.m. ET deadline on March 8, noteholders tendered $155,991,000, or 62.4% of the notes. The amount does not include tenders via guaranteed delivery procedures.

Settlement is expected on March 13.

Noteholders were offered $1,000.80 per $1,000 principal amount and accrued interest.

The offer is contingent upon the companies completing a concurrent bond offering for net proceeds, together with other sources of liquidity, sufficient to finance the tender offer.

Concurrently with the launch of the tender offer, the companies issued a conditional notice of full redemption to redeem all outstanding notes not purchased in the tender offer.

Wells Fargo Securities, LLC (liabilitymanagement@wellsfargo.com; 704 410-4820 or 866 309-6316) is the dealer manager.

The tender agent and information agent is D.F. King & Co., Inc. (delek@dfking.com; 888 628-1041 or 212 269-5550; www.dfking.com/delek).

Delek is a midstream energy master limited partnership based in Brentwood, Tenn.

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