Business Wire·Aug 14, 2026, 4:00 PM ET

Delek Logistics Partners, LP Announces Closing of Public Offering of Common Units and Full Exercise of Underwriters’ Option to Purchase Additional Units

Delek Logistics Partners, LP closed an underwritten public offering of 4,600,000 common units at $50.00 per unit, including the full exercise of the underwriters' option to purchase 600,000 additional units.
The offering generated gross proceeds of approximately $220.8 million, net of underwriting fees, to be used for repaying outstanding borrowings under its revolving credit agreement and for general partnership purposes.
Delek US Holdings, Inc. did not participate in the purchase of units, causing its ownership stake to decline from 63.0% to approximately 58.0% following the closing.
Truist Securities, Inc., Mizuho, and Raymond James & Associates, Inc. served as joint book-running managers for the transaction, which was conducted pursuant to an effective SEC shelf registration statement.
Delek Logistics is a midstream energy master limited partnership headquartered in Brentwood, Tennessee, providing gathering, pipeline, storage, marketing, and water disposal services primarily in the Permian Basin, Delaware Basin, and Gulf Coast regions.