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Slide #21. Delek Logistics Partners — El Dorado Storage Tanks and Product Terminal
Delek Logistics Partners (NYSE:DKL)
El Dorado Storage Tanks and Product Terminal
Delek Logistics Partners, LP (NYSE:DKL) ("Delek Logistics") announced that a subsidiary of Delek Logistics has acquired, from a subsidiary of Delek US Holdings, Inc. (NYSE:DK) ("Delek US"), certain storage tanks and the products terminal located at Delek US' El Dorado, Arkansas refinery for $95.9 million in cash. Delek Logistics financed the purchase price for these assets through new borrowings on its revolving credit facility.
Delek Logistics Partners primarily owns and operates crude oil, intermediate and refined products logistics and marketing assets. Co.'s segments are: pipelines and transportation, which provides crude oil gathering and crude oil, intermediate and refined products transportation and storage services primarily in support of the Tyler, El Dorado and Big Spring Refineries; and wholesale marketing and terminalling, which provides wholesale marketing and terminalling services to Delek US Holdings, Inc.' refining operations and to third parties from whom Co.'s receive fees for marketing, transporting, storing and terminalling refined products and to whom Co. wholesale markets refined products.
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Hold (2.00 out of 4)
(ranked lower than approx. 98% of all stocks covered)
Based on Zacks ABR data;
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