Delek Logistics Prices 3.85M Common Units at $39/Unit in Underwritten Offering

Delek Logistics Partners, LP

Offering of 3,846,153 common units at $39.00 per unit; underwriters have 30-day option for 576,922 additional units.
Net proceeds to redeem outstanding convertible preferred units and repay borrowings under revolving credit agreement.
Delek Holdings' ownership to decline from 70.4% to approximately 65.2% after offering.
Executives indicate non-binding interest to purchase up to $300,000 of units at public offering price.
Offering expected to close October 10, 2024; BofA Securities, Barclays, RBC Capital Markets are joint book-runners.

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