$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.

You Also May Be Interested In:

  • Representation of Forcura, LLC, a healthcare technology that facilitates continuity of care, in its sale to Accel-KKR, a Silicon Valley-based technology-focused private equity firm

    We represented Forcura, LLC, a healthcare technology that facilitates continuity of care, in its sale to Accel-KKR, a Silicon Valley-based...
    Client Type: Private Company
  • Representation of Twin River Worldwide Holdings, Inc. (NYSE: TRWH) in its acquisition of the operations and real estate of Isle of Capri Casino and Lady Luck Casino from Eldorado Resorts, Inc. (Nasdaq: ERI), in a cash transaction for $230 million

    We represented Twin River Worldwide Holdings, Inc. (NYSE: TRWH) in its acquisition of the operations and real estate of Isle...
    Client Type: Public Company
  • Representation of Merchants & Marine Bancorp, Inc., a full-service state-chartered community bank with 13 branch offices across the Mississippi and Alabama Gulf Coast, in its definitive agreement to acquire the Mobile, Alabama branch of Bank OZK (Nasdaq: OZK

    We represented Merchants & Marine Bancorp, Inc., a full-service state-chartered community bank with 13 branch offices across the Mississippi and...
    Client Type: Private Company