Delek Logistics prices public offering of 3.12M common units at $38.50/unit to repay debt

Delek Logistics Partners, LP

Offering of 3,116,884 common units at $38.50 per unit; underwriters have 30-day option for 467,532 additional units.
Net proceeds will be used to repay outstanding borrowings under revolving credit agreement.
Delek Holdings ownership drops from 78.7% (pre-offering) to approximately 73.4%.
Offering expected to close March 12, 2024; joint book-runners: Truist, BofA Securities, Raymond James.

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