other material
confidence high
sentiment neutral
materiality 0.70
Delek Logistics prices 4M common units at $50.00; proceeds to repay revolver
Delek Logistics Partners, LP
- Priced 4,000,000 common units at $50.00 per unit; gross proceeds $200M.
- Underwriters granted 30-day option to purchase up to 600,000 additional units.
- Net proceeds to repay revolving credit borrowings and for general partnership purposes.
- Delek Holdings' ownership to decline from 63.0% to ~58.0% after offering (assuming full option exercise).
- Expected close August 14, 2026; joint book-runners: Truist, Mizuho, Raymond James.