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Delek Holdings Drops Down Trucking Assets for $48MM in Cash

Delek Us Holdings Delek Logistics Partners, LP
AnnouncedMay 18, 2020
TypeAsset
Announced Date
May 18,2020
Transaction Type
Asset




Snapshot
Location
Region
United States

Country
United States


Transaction Details:  Subscribe to see

Delek US Holdings, Inc. and Delek Logistics Partners, LP announced an agreement for the dropdown of certain trucking assets to Delek Logistics for total consideration of $48 million in cash.

The transaction is effective May 1, 2020.

Asset and other information to consider:

The trucking assets are comprised of approximately 150 tractors and 150 trailers, which are primarily leased and owned, respectively. The Assets currently transport crude oil, asphalt and other refined products. Prior to the dropdown, Delek Logistics owned or leased 123 tractors and 174 trailers
  Minimum Revenue…

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