Delek to pay down revolver drawings with notes proceeds

By Sara Rosenberg

New York, May 19 – Delek Logistics Partners LP plans to repay some revolving credit facility borrowings using proceeds from a $400 million senior notes offering, according to a market source.

Remaining proceeds from the notes will be used for general corporate purposes and to pay fees and expenses associated with the transaction.

Delek is a Brentwood, Tenn.-based owner and operator of crude oil and refined products logistics and marketing assets.

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