debt
confidence high
sentiment neutral
materiality 0.50
Delek Logistics issues additional $200M of 8.625% senior notes due 2029
Delek Logistics Partners, LP
- Issued $200M additional 8.625% senior notes due 2029, priced at par, fungible with existing $850M notes.
- Net proceeds to repay outstanding borrowings under revolving credit facility.
- Notes rank pari passu with existing notes, same terms except issue date and offering price.
- Interest payable semi-annually March 15 and September 15, maturing March 15, 2029.
- Optional redemption: up to 35% at 108.625% from equity offerings; make-whole prior to 2026; then declining percentages.