debt
confidence high
sentiment neutral
materiality 0.50
Delek Logistics closes upsized $700M 7.375% senior notes due 2033; liquidity exceeds $1B
Delek Logistics Partners, LP
- Issued $700M aggregate principal of 7.375% senior notes due June 30, 2033.
- Proceeds increase total liquidity to over $1 billion for Permian Basin growth investments.
- Notes are unsecured senior obligations; guaranteed jointly by existing and future subsidiaries.
- Interest payable semi-annually on June 30 and December 30, starting December 30, 2025.
- Optional redemption at 107.375% before June 30, 2028, then step-down prices through 2030.
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