Kirkland Advises Delek on its $400 Million Senior Notes Offering
Kirkland & Ellis counseled Delek Logistics Partners, LP (NYSE: DKL) and Delek Logistics Finance Corp., a subsidiary of Delek Logistics, on the pricing of an offering of $400 million in aggregate principal amount of 7.125 percent senior notes due 2028 at par. The offering is expected to close May 24, 2021, subject to satisfaction of customary closing conditions. Delek Logistics intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its revolving credit facility.
The Kirkland team that led the deal included 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.
