Delek US Subsidiary Files Registration Statement for Initial Public Offering of Logistics MLP


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Delek US Holdings, Inc. (NYSE: DK) announced today that its wholly-owned subsidiary, Delek Logistics Partners, LP, a Delaware limited partnership (“Delek Logistics”), has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to its proposed initial public offering of common units representing limited partner interests. Application will be made to list the common units of Delek Logistics on the New York Stock Exchange under the symbol “DKL.” Delek Logistics was formed by Delek US to own, operate, acquire and construct crude oil and refined products logistics and marketing assets. Delek Logistics' initial assets are expected to 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 and the Nashville and Memphis terminals in Tennessee.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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