secwatch.observer — SEC 8-K summary
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Issuer:     Delek Logistics Partners, LP (DKL)
CIK:        0001552797
Form:       8-K
Filed at:   2024-09-13T23:59:59+00:00
Accession:  0001552797-24-000093
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 3.02, 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Delek Logistics closes $230M acquisition of H2O Midstream; $160M cash + $70M convertible preferred
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- Acquisition of H2O Midstream water gathering, recycling, and disposal assets in Permian Basin closed on September 11, 2024.
- Total consideration $230M: $160M cash plus $70M convertible preferred equity convertible at $49.25 per common unit.
- Operations in Midland Basin overlap with existing DKL Permian operations; management expects cost and cross-sale synergies.
- Third Amended and Restated Partnership Agreement adopted to establish preferred units with conversion and redemption rights.
- Registration rights agreement filed to register resale of common units issuable upon conversion of preferred equity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552797/000155279724000093/0001552797-24-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552797/000155279724000093/dkl-20240911.htm
  HTML page:      https://secwatch.observer/filing/0001552797-24-000093

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