Financing ·
Delek Logistics Partners, LP announced the commencement of an underwritten public offering of $175 million in common…
DKLDelek Logistics Partners, LP
Delek Logistics Partners, LP announced the commencement of an underwritten public offering of $175 million in common units representing limited partner interests on August 12, 2026. The company has granted the underwriters a 30-day option to purchase up to an additional $26.25 million of common units. Truist Securities, Inc., Mizuho, and Raymond James & Associates, Inc. are acting as joint book-running managers for this transaction. Delek Logistics intends to use the net proceeds from the offering, including any amounts raised through the exercise of the over-allotment option, to repay outstanding borrowings under its revolving credit agreement and for general partnership purposes. The offering is subject to market conditions and there is no assurance regarding completion or final size. Delek Logistics Partners, LP operates in the midstream energy sector, providing gathering, pipeline, transportation, storage, and water disposal services primarily in the Permian Basin.