Delek us announces agreement to dropdown logistic assets to delek logistics

Brentwood, tenn., march 31, 2020 (globe newswire) -- delek us holdings, inc. (nyse: dk) (“delek us”) and delek logistics partners, lp (nyse: dkl) (“delek logistics”) today announced an agreement for the dropdown of the big spring gathering system to delek logistics for total consideration of $100 million in cash and 5.0 million common units representing limited partnership interest in delek logistics. the transaction is effective march 31, 2020, and is expected to be immediately accretive to delek logistics' distributable cash flow per unit.
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