M&A: Delek Logistics Partners, LP

Form Type: 8-K

Filing Date: 2025-01-03

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525000983

Comments: Delek Logistics Partners, LP completed the acquisition of 100% of the limited liability company interests in Gravity Water Intermediate Holdings LLC, related to water disposal and recycling operations in the Permian Basin and Bakken on January 2, 2025. The purchase price for the assets was $285 million, paid in a combination of $209,299,177.75 in cash and 2,175,209 common units of the Partnership. The issuance of equity interests was executed under the exemption from securities registration provided by Section 4(a)(2) of the Securities Act of 1933. Delek Logistics has agreed to file a registration statement with the SEC for the resale of these equity interests within ten business days following the acquisition closure. Additionally, a press release was issued on the same date to announce the completion of this acquisition.

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