Delek Logistics Partners, LP, formed by Delek to own crude oil and refined products logistics assets in southeastern US, announced terms for its IPO on Thursday. The Brentwood, TN-based company plans to raise $160 million by offering 8 million shares at a price range of $19 to $21. At the midpoint of the proposed range, Delek Logistics Partners would command a fully diluted market value of $240 million. Delek Logistics, which was founded in 2012 and booked $888 million in sales for the 12 months ended 6/30/2012, plans to list on the NYSE under the symbol DKL. BofA Merrill Lynch, Barclays, Goldman Sachs, and Wells Fargo Securities are the joint bookrunners on the deal.
