Business Wire·May 4, 2026, 6:21 PM ET

Delek Logistics Partners, LP Announces Pricing of Offering of $800 Million of Senior Notes

Delek Logistics Partners, LP & its subsidiary Delek Logistics Finance Corp. priced an $800 million offering of 6.875% senior notes due 2034 at par.
The offering is expected to close on May 14, 2026, subject to customary closing conditions.
Net proceeds will be used to repurchase outstanding 7.125% senior notes due 2028, redeem a portion of 8.625% senior notes due 2029, cover related fees, premiums & expenses, with any remaining funds allocated to general corporate purposes.
The notes are being offered exclusively to qualified institutional buyers under Rule 144A & to non-U.S. persons under Regulation S without registration under the Securities Act.
The issuers issued a conditional notice to redeem $400 million of the outstanding 2029 notes on May 14, 2026, at 104.313% of the principal amount plus accrued interest, contingent upon the consummation of the new note offering.
Delek Logistics is a midstream energy master limited partnership headquartered in Brentwood, Tennessee, providing gathering, pipeline, storage, marketing, & water disposal services primarily in the Permian Basin, Delaware Basin, & Gulf Coast regions.