On March 13, 2024, Delek Logistics Partners, LP, a Delaware limited partnership (the ?Partnership?), Delek Logistics Finance Corp., a Delaware corporation and a wholly owned subsidiary of the Partnership (?Finance Corp.? and together with the Partnership, the ?Issuers?), the Partnership?s existing subsidiaries (other than Finance Corp., the ?Guarantors?) and U.S. Bank Trust Company, National Association, as trustee, entered into an indenture (the ?Indenture?), pursuant to which the Issuers issued $650,000,000 in aggregate principal amount of 8.625% senior notes due 2029 (the ?2029 Notes?). The 2029 Notes are general unsecured senior obligations of the Issuers.
The 2029 Notes are unconditionally guaranteed jointly and severally on a senior unsecured basis by the Guarantors and will be unconditionally guaranteed on the same basis by certain of the Partnership?s future subsidiaries. The 2029 Notes rank equal in right of payment with all existing and future senior indebtedness of the Issuers, and senior in right of payment to any future subordinated indebtedness of the Issuers. The 2029 Notes will mature on March 15, 2029, and interest on the 2029 Notes is payable semi-annually in arrears on each March 15 and September 15, commencing September 15, 2024.
Interest will be payable to holders of record on the March 1 and September 1 immediately preceding the related interest payment date, and will be computed on the basis of a 360-day year consisting of twelve 30-day months.