Corporate ActionAug 12, 2026, 04:14 PM
Delek Logistics Announces $175M Public Offering of Common Units
AI Summary
Delek Logistics Partners, LP has commenced an underwritten public offering of $175 million of common units. The company intends to grant underwriters an option to purchase an additional $26.25 million in common units. The net proceeds from this offering are planned to be used for repaying outstanding borrowings under its revolving credit agreement and for general partnership purposes.
Key Highlights
- Delek Logistics Partners announced a $175 million underwritten public offering of common units.
- Underwriters have a 30-day option to purchase up to an additional $26.25 million in common units.
- Net proceeds will be used to repay outstanding borrowings under its revolving credit agreement.
- Proceeds will also be allocated for general partnership purposes.
- Truist Securities, Mizuho, and Raymond James are acting as joint book-running managers.
Price Impact
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