SEC Filings

Print Page | Close Window

425
DELEK US HOLDINGS, INC. filed this Form 425 on 12/04/2017
Entire Document
 << Previous Page | Next Page >>
 
Assets are non core to Delek US geographic footprint; Exploring ways to derive value and reduce costs California Initiatives 16 • Assets primarily consist of three locations – Paramount, Long Beach and Bakersfield • Refining assets have been idled since 2012 • Alt Air renewable fuels facility operates at the Paramount location • Target to exit J Aron financing agreement for California mid 2018 that should reduce interest and fees • Paramount and Long Beach (1) • Evaluating options to divest assets • Bakersfield (1) • Evaluating options to lower carrying cost of this location • Goal to divest assets to strategic buyers, returning cash to Delek US and reducing costs related to these assets over time. • $40.0-$45.0 million potential cost savings by divesting all California assets; cash flow to Delek from asset sales 1) At Sept. 30, 2017 Paramount and Long Beach were moved to discontinued operations per accounting requirements due to efforts to divest the operations. Bakersfield remains as part of continuing operations.


 << Previous Page | Next Page >>