Delek Logistics Partners, LP Announces Closing of Public Offering of Common Units and Full Exercise of Underwriters' Option to Purchase Additional Units

About this update from Delek Logistics Partners, L.p.

BRENTWOOD, Tenn. - Delek Logistics Partners, LP (NYSE: DKL) ('Delek Logistics') announced today that it has closed its previously announced underwritten public offering of 4,600,000 common units representing limited partner interests in Delek Logistics, including 600,000 common units sold pursuant to the underwriters' full exercise of their option to purchase additional common units, at a price of $50.00 per unit. Delek Logistics intends to use the gross proceeds of approximately $220.8 million, after underwriting fees and commissions and before other offering-related expenses, to repay outstanding borrowings under its revolving credit agreement and for general partnership purposes. None of the common units sold in the offering were purchased by Delek US Holdings, Inc. ('Delek Holdings'). As a result, Delek Holdings' ownership of the outstanding Delek Logistics common units declined from 63.0% prior to the offering to approximately 58.0% following the closing of the offering. The offering was made pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (the 'SEC'). A prospectus supplement relating to the offering has also been filed with the SEC.Truist Securities, Inc., Mizuho, and Raymond James & Associates, Inc. acted as joint book-running managers for the offering. A copy of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained from any of the underwriters, including Truist Securities, Inc. at 740 Battery Ave SE, 3rd Floor, Atlanta, Georgia 30339, Attention: Equity Capital Markets or by email at [email protected] ; Mizuho Securities USA LLC at 1271 Avenue of the Americas, 3rd Floor, New York, NY 10020, Attention: Equity Capital Markets or by email at [email protected] ; and Raymond James & Associates, Inc. at 880 Carillon Parkway, St. Petersburg, Florida 33716, Attention: Equity Syndicate or by email at [email protected]. You may also obtain these documents for free when they are available by visiting the SEC's website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification und...

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