Brief: Delek Logistics Partners, LP Reports Acquisition of 3Bear Energy

Delek Logistics Partners, LP

11/04/2022 15:52

April 11 (Reuters) - Delek US Holdings Inc  DK.N :
    * DELEK LOGISTICS PARTNERS, LP ANNOUNCES ACQUISITION OF
3BEAR
ENERGY INCREASING ITS PROMINENT POSITION IN THE PERMIAN BASIN
    * DELEK LOGISTICS PARTNERS LP - UNIT SIGNED A DEFINITIVE
PURCHASE
AGREEMENT FOR ACQUISITION OF 100% OF EQUITY INTERESTS OF 3BEAR
DELAWARE HOLDING
    * DELEK LOGISTICS PARTNERS LP - DEAL FOR CASH CONSIDERATION
OF
$624.7 MILLION
    * DELEK LOGISTICS PARTNERS LP - ACQUISITION IS EXPECTED TO
RESULT
IN AN INVESTMENT MULTIPLE OF APPROXIMATELY 6.25 TIMES 2023
EBITDA
    * DELEK LOGISTICS PARTNERS LP - EXPECT TO FUND TRANSACTION
PRIMARILY WITH EXISTING CREDIT FACILITIES AND DEBT FINANCING

Source text for Eikon:  ID:nPn4n9FNza 
Further company coverage:  DK.N 

 ((Reuters.Briefs@thomsonreuters.com;))