$210 Million Stock and Asset Transfer for Delek US Holdings, Inc.

We represented Delek US Holdings, Inc. as lead real estate and finance counsel in the spin-out of a publicly traded master limited partnership for $210 million. We provided counsel related to the due diligence, preparation and negotiation of transfer documentation of rights of way and easements for approximately 400 miles of operable crude oil transportation pipelines, 16 miles of refined product pipelines and approximately 600 miles of crude oil gathering and trunk pipelines in three states, as well as fee and leasehold interests in terminals, pump stations and other associated crude logistics assets. We negotiated four separate financings required to consummate the offering, including senior secured credit facilities and letter of credit facilities.

Delek US Holdings, Inc. (NYSE: DK) is a diversified downstream energy company with assets in petroleum refining, logistics and convenience store retailing.

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