Financing ·
Delek Logistics Partners, LP priced an underwritten public offering of 4,000,000 common units at $50.00 per unit on…
DKLDelek Logistics Partners, LP
Delek Logistics Partners, LP priced an underwritten public offering of 4,000,000 common units at $50.00 per unit on August 12, 2026. The company has granted the underwriters a 30-day option to purchase up to 600,000 additional units. Net proceeds will be used to repay outstanding borrowings under its revolving credit agreement and for general partnership purposes. Delek Holdings’ ownership stake is expected to decline from 63.0% to approximately 58.0%, assuming full exercise of the option. The offering is expected to settle on August 14, 2026. Truist Securities, Mizuho, and Raymond James are acting as joint book-running managers. Delek Logistics Partners, LP operates in the midstream energy sector, providing gathering, pipeline, transportation, storage, and water disposal services primarily for crude oil and natural gas customers.