Delek Logistics issues $800M 6.875% senior notes due 2034; closes tender for $270.7M of 2028 notes

Delek Logistics Partners, LP

Issued $800M aggregate principal of 6.875% senior notes due June 1, 2034; interest payable semi-annually starting Dec 1, 2026.
Notes are unsecured senior obligations, guaranteed by certain subsidiaries; covenants restrict additional debt, liens, distributions, and asset sales.
Up to 35% of notes redeemable before June 2029 at 106.875% of par using equity proceeds; make-whole prior to June 2029, then sliding scale from 103.438% in 2029 to par in 2031.
Change of control triggering event requires repurchase at 101% of principal plus accrued interest.
Tender offer accepted $270.7M of existing 7.125% notes due 2028; payment made on May 14, 2026.

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