other material
confidence high
sentiment neutral
materiality 0.65
Delek Logistics closes $166M public offering of 4.4M common units at $39/unit; proceeds to redeem preferred, repay debt
Delek Logistics Partners, LP
- Issued 4,423,075 common units including 576,922 from full exercise of underwriters' option, at $39.00 per unit.
- Gross proceeds of approximately $166 million after underwriting fees and commissions.
- Proceeds used to redeem outstanding convertible preferred units and repay revolver borrowings.
- President Avigal Soreq and other executives purchased 7,177 units in the offering.
- Joint book-running managers: BofA Securities, Barclays, RBC Capital Markets.