Delek Logistics Completes Private Placement Of 6.75% Senior Notes, Due 2025 For US$250 Million

Published: May 15 2017
Deal Summary

Delek Logistics Partners, LP, a midstream energy company, completed the private placement of 6.75% senior unsecured notes, due May 15, 2025, for gross proceeds of US$250 million (MM). The notes were priced at 99.245% of the principal amount. Interest on notes is payable semi-annually on May 15 and November 15 of each year, beginning from November 15, 2017.

The company intends to use the proceeds from the placement to repay a portion of the outstanding borrowings under its revolving credit facility.

Deal history

Completed: On May 23, 2017, Delek Logistics completed the private placement of 6.75% senior unsecured notes, due May 15, 2025, for gross proceeds of US$250 MM.

Pricing: On May 18, 2017, Delek Logistics priced the private placement of 6.75% senior unsecured notes, due 2025, for gross proceeds of US$250 MM.

Announced: On May 15, 2017, Delek Logistics intends to issue senior unsecured notes, due 2025, for gross proceeds of US$250 MM, in a private placement.

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