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A&D - Delek Logistics buying trucking assets in $48MM dropdown - June 2020

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Delek US Holdings will drop down trucking assets based in Tyler, Texas, and El Dorado, Arkansas, to its Delek Logistics Partners subsidiary for $48 million cash, the companies announced May 18. The assets and related services, part of Delek’s refining operations, are projected to generate $8-9 million of EBITDA. Between 80% and 85% of the EBITDA guidance is supported by a minimum revenue commitment from Delek US. The trucking assets consist of nearly 150......
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