InvestmentAug 13, 2026, 06:12 AM
Delek Logistics Prices 4M Common Units at $50.00/Unit
AI Summary
Delek Logistics Partners, LP announced the pricing of its underwritten public offering of 4,000,000 common units at $50.00 per unit. The company expects to use the net proceeds to repay outstanding borrowings under its revolving credit agreement and for general partnership purposes. Underwriters have been granted a 30-day option to purchase up to 600,000 additional common units. This offering will result in Delek US Holdings' ownership of Delek Logistics common units declining from 63.0% to approximately 58.0%.
Key Highlights
- Priced underwritten public offering of 4,000,000 common units.
- Offering price set at $50.00 per unit.
- Underwriters have 30-day option to purchase up to 600,000 additional units.
- Net proceeds to repay revolving credit agreement borrowings and for general purposes.
- Delek US Holdings' ownership to decline from 63.0% to approximately 58.0%.
- Offering expected to settle and close on August 14, 2026.
Price Impact
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