debt
confidence high
sentiment neutral
materiality 0.65
Delek Logistics launches tender for 7.125% notes due 2028, proposes $800M new notes due 2034
Delek Logistics Partners, LP
- Tender offer for any and all 7.125% Senior Notes due 2028 at $1,001.35 per $1,000 principal plus accrued interest.
- Offer expires May 11, 2026; settlement expected May 14, conditional on consummation of concurrent bond offering.
- Proposed $800M private offering of new senior notes due 2034; proceeds to repurchase 2028 notes and redeem portion of 8.625% 2029 notes.
- Leverage ratio information furnished as Exhibit 99.2; no specific figures disclosed in this filing.