Delek Logistics launches $120M common unit offering to repay credit facility

Delek Logistics Partners, LP

Offering of $120 million common units; underwriters granted 30-day option for additional $13.5 million.
Sponsor Delek US Holdings indicates non-binding interest in purchasing up to $30 million of the units.
Net proceeds will be used to repay outstanding borrowings under revolving credit agreement.
Truist Securities, BofA Securities, and Raymond James are joint book-running managers.
Offering subject to market conditions; no assurance of completion or final terms.

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