DELEK US HOLDINGS, INC. (NYSE:DK) Files An 8-K Other EventsItem 8.01 Other Events
On March 16, 2018, Delek US Holdings, Inc. (“Delek”) entered into definitive agreements to sell to World Energy, LLC (i) all of Delek’s membership interests in AltAir Paramount, LLC, (ii) certain refining assets and other related assets located in Paramount, California and (iii) certain tank farm and pipeline assets and other related assets located in California. The transactions contemplated by these agreements were completed on the same date. Based on Delek’s ownership interest in AltAir Paramount, LLC, Delek expects to receive net proceeds of approximately $72 million, including estimated working capital and Delek’s portion of the expected biodiesel tax credit for 2017, subject to certain customary adjustments. The press release issued by Delek is filed as Exhibit 99.1 hereto and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
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(a) |
Financial statements of business acquired. |
Not applicable.
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(b) |
Pro forma financial information. |
Not applicable.
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(c) |
Shell company transactions. |
Not applicable.
(d) Exhibits.
Delek US Holdings, Inc. ExhibitEX-99.1 2 exhibit991-pressreleasexal.htm EXHIBIT 99.1 PRESS RELEASE Exhibit Exhibit 99.1Delek US Announces Sale of Paramount,…To view the full exhibit click here
About DELEK US HOLDINGS, INC. (NYSE:DK)
Delek US Holdings, Inc. is an integrated energy business focused on petroleum refining, the transportation, storage and wholesale of crude oil, intermediate and refined products and convenience store retailing. The Company operates through three segments: Refining, Logistics and Retail. Its Refining Segment operates independent refineries in Tyler, Texas, and El Dorado, Arkansas with a combined design crude distillation capacity of approximately 155,000 barrels per day (bpd). The Logistics Segment gathers, transports and stores crude oil and markets, distributes, transports and stores refined products in select regions of the southeastern United States and west Texas for both its refining segment and third parties. Its Retail Segment markets gasoline, diesel, other refined petroleum products and convenience merchandise through a network of over 360 Company-operated retail fuel and convenience stores located in Alabama, Arkansas, Georgia, Kentucky, Mississippi, Tennessee and Virginia.
