What is Delek Logistics?
Headquartered in Brentwood, Tennessee, Delek Logistics Partners LP, formed in 2012 by Delek US Holdings, operates as a master limited partnership focused on the ownership, operation, acquisition, and construction of crude oil and refined products logistics and marketing assets. The company's infrastructure is critical to supporting Delek's refining and marketing operations, encompassing the gathering, transportation, and storage of crude oil, as well as the marketing, distribution, transportation, and storage of refined products. Delek Logistics primarily serves select regions in the southeastern United States and West Texas, facilitating operations for Delek's refineries in Tyler, Texas, and El Dorado, Arkansas.
How much funding has Delek Logistics raised?
Delek Logistics has raised a total of $1.2B across 1 funding round:
Debt
$1.2B
Debt (2022): $1.2B with participation from Fifth Third Bank
Key Investors in Delek Logistics
Fifth Third Bank
Fifth Third Bank, established in 1858, is a prominent financial institution offering a comprehensive suite of services including commercial banking, consumer banking, and wealth management. They provide a wide array of credit and lending solutions, deposit products, and capital markets services.
What's next for Delek Logistics?
The recent major strategic investment signals Delek Logistics' commitment to expanding its enterprise-level infrastructure and market reach. This capital will likely fuel further acquisitions, development of new logistics assets, and enhancements to existing operations, solidifying its role as a key player in the midstream energy sector. The company's focus on integrating its assets with Delek's refining operations positions it for continued growth and operational efficiency in a dynamic energy market.
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