Delek Logistics Partners announced the pricing of its underwritten public offering of 4 million common units at $50.00 per unit, raising $200 million in gross proceeds. The offering is expected to close on August 14, 2026, and the underwriters have a 30-day option to purchase up to an additional 600,000 common units. Delek Logistics intends to use the net proceeds to repay outstanding borrowings under its revolving credit agreement and for general partnership purposes. Delek US Holdings will not purchase any common units in the offering, and its ownership interest in Delek Logistics will decrease from 63.0% to approximately 58.0% following completion, assuming full exercise of the underwriters' option.
Delek Logistics Partners LPDelek Logistics prices a 4 million unit offering at $50.00, raising $200 million, which may dilute existing unitholders.
Delek US Energy IncDelek US Holdings' ownership stake in Delek Logistics will decrease from 63% to 58% due to the offering, diluting its stake.
