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Published on 6/15/2006 in the Prospect News Bank Loan Daily.

S&P: Mapco Express unchanged

Standard & Poor's said its ratings and outlook on Mapco Express Inc. (B+/negative) are unaffected by the company's announcement that it signed a definitive agreement to acquire Fast Petroleum Inc. for $46 million, plus the value of inventory.

The opinion is based on the fact that the acquisition is being financed with cash and cash equivalents, including net IPO proceeds from Mapco's parent, Delek U.S. Holdings Inc., the agency noted.


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