Delek Logistics Partners, LP Completes Initial Public Offering

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (“Delek Logistics”), a Delaware limited partnership, today completed its initial public offering of 9,200,000 common units representing limited partner interests in Delek Logistics at $21.00 per unit. The number of common units issued at closing included 1,200,000 common units that were issued pursuant to the full exercise of the underwriters’ over-allotment option. Delek Logistics received net proceeds of approximately $179.7 million from the offering, after deducting the underwriting discount and structuring fee, but before taking into account estimated offering expenses. The common units trade on the New York Stock Exchange under the symbol “DKL.”

The common units sold to the public represent a 37.6% limited partner interest in Delek Logistics. Affiliates of Delek US Holdings, Inc. (NYSE: DK) currently holds a 2% general partner interest and a 60.4% limited partner interest in Delek Logistics.

BofA Merrill Lynch, Barclays, Goldman, Sachs & Co. and Wells Fargo Securities acted as joint book-running managers for the offering. Deutsche Bank Securities, Raymond James and Simmons & Company International acted as co-managers. This offering of common units will be made only by means of a prospectus. A written prospectus, which meets the requirements of Section 10 of the Securities Act of 1933, may be obtained through:

BofA Merrill Lynch	Barclays
Prospectus Department	c/o Broadridge Financial Solutions
222 Broadway, 7th Floor	1155 Long Island Avenue
New York, NY 10038	Edgewood, NY 11717
[phone]	Telephone: [phone]
[e-mail]	[e-mail]
Goldman, Sachs & Co.	Wells Fargo Securities
Prospectus Department	Equity Syndicate Department
200 West Street	375 Park Avenue
New York, NY 10282	New York, NY 10152
Telephone: [phone]	Telephone: [phone]
[e-mail]	[e-mail]

A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission (“SEC”). The registration statement is available on the SEC’s website at www.sec.gov under the registrant’s name. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Delek Logistics Partners, LP

Delek Logistics Partners, LP was formed by Delek US Holdings, Inc. (NYSE: DK) to own, operate, acquire and construct crude oil and refined products logistics and marketing assets. Delek Logistics’ initial assets consist of:

• Approximately 200 miles of transportation pipelines and a 600 mile crude oil gathering system, in addition to associated storage facilities with 1.4 million barrels of active shell capacity supporting Delek US’ El Dorado and Tyler refineries;
• The Paline pipeline, a 185 mile crude oil pipeline from Longview to Nederland, Texas;
• Delek US’ wholesale marketing business in Texas; and
• Five light product terminals, consisting of the Abilene, Big Sandy and San Angelo terminals in Texas as well as the Nashville and Memphis terminals in Tennessee.