debt
confidence high
sentiment neutral
materiality 0.50
Delek Logistics prices upsized $200M offering of 8.625% senior notes due 2029
Delek Logistics Partners, LP
- Upsized private offering of $200M in additional 8.625% senior notes due 2029 (upsized from $100M).
- Offering price of 103.250% of face value, plus accrued interest from March 13, 2024.
- Expected to close August 16, 2024, subject to customary conditions.
- Net proceeds used to repay a portion of outstanding borrowings under revolving credit facility.
- Additional Notes form part of same series as existing $850M aggregate 8.625% notes due 2029.