Delek Logistics Partners’ $400 Million Senior Notes Offering

Kirkland & Ellis counseled Delek Logistics Partners, Vinson & Elkins LLP advised the initial purchasers on the deal.

Delek Logistics Partners, LP, a Delaware limited partnership, Delek Logistics Finance Corp., a Delaware corporation and a wholly owned subsidiary of the Partnership and the Partnership’s existing subsidiaries, entered into a purchase agreement with Wells Fargo Securities, LLC, as representative of the several initial purchaserspursuant to which the Issuers agreed to sell $400,000,000 in aggregate principal amount of the Issuers’ 7.125% Senior Notes due 2028 (the “2028 Notes”), along with the related guarantees of the 2028 Notes.

The initial purchasers are Wells Fargo Securities and Merrill Lynch, Pierce, Fenner & Smith Incorporated.

The V&E corporate team was led by partners Gillian Hobson (Picture) and David Stone, with assistance from senior associate Brett Peace and associates Houston Morgan, Nina Bhatia and Brandon Brunet. Also advising were partners Jim Meyer and Wendy Salinas, senior associate Christine Mainguy and associate David Gilbert; partner Matthew Dobbins, counsel Larry Pechacek and associate Simon Willis; associate Briana Falcon; partner David D’Alessandro; and partner Sean Becker.

Kirkland & Ellis counseled Delek Logistics Partners with capital markets partners Michael Rigdon and Sean Wheeler and associates Ieuan List and Logan Weissler; debt finance partners Rachael Lichman and Chad Davis; and tax partner David Wheat.

Involved fees earner: Chad Davis – Kirkland & Ellis; Rachael Lichman – Kirkland & Ellis; Ieuan List – Kirkland & Ellis; Michael Rigdon – Kirkland & Ellis; Logan Weissler – Kirkland & Ellis; David Wheat – Kirkland & Ellis; Sean Wheeler – Kirkland & Ellis; Sean Becker – Vinson & Elkins LLP; Nina Anne Bhatia – Vinson & Elkins LLP; Brandon Brunet – Vinson & Elkins LLP; David D’Alessandro – Vinson & Elkins LLP; Matthew Dobbins – Vinson & Elkins LLP; Briana Falcon – Vinson & Elkins LLP; David Gilbert – Vinson & Elkins LLP; Gillian Hobson – Vinson & Elkins LLP; Christine Mainguy – Vinson & Elkins LLP; James Meyer – Vinson & Elkins LLP; Houston Morgan – Vinson & Elkins LLP; Brett Peace – Vinson & Elkins LLP; Larry Pechacek – Vinson & Elkins LLP; David Stone – Vinson & Elkins LLP; Wendy Trahan Salinas – Vinson & Elkins LLP; Simon Willis – Vinson & Elkins LLP;

Law Firms: Kirkland & Ellis; Vinson & Elkins LLP;

Clients: Delek Logistics; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Wells Fargo Securities;

Author: Martina Bellini