Current Delek US Corporate Structure
(1) As of September 30, 2017, a 5.4% interest in the Delek US ownership interest in the general partner is held by three members of senior management of Delek US. The
remaining ownership interest is indirectly held by Delek US.
(2) Market cap based on share and unit prices on November 30, 2017.
ownership interest (1)
General partner interest
rights Delek Logistics Partners, LP
Market Cap: $727 million
Delek Logistics GP, LLC
(the General Partner)
Delek US Holdings, Inc.
Market Cap: $2.7 billion
61.5% interest in
Alon USA Partners, LP
Market Cap: $1.0 billion
Focused on simplifying the structure
• On Nov. 8, 2017 a definitive agreement was reached to acquire the remaining limited partner units of ALDW
that Delek US does not already own in an all stock transaction.
• Exchange ratio of 0.49 shares of Delek US for each ALDW common unit not already owned by Delek US,
subject to customary closing conditions