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Get filing alertsDelek Logistics launches $175M common unit offering to repay revolving credit debt
Filed August 12, 2026 · Period ending August 12, 2026 · ~1 min read
Key Changes
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high
Partnership commenced underwritten public offering of $175M in common units under existing shelf registration, with proceeds earmarked to repay revolving credit facility borrowings and for general partnership purposes.
Item 8.01 verify on EDGAR → -
medium
Underwriters granted 30-day option to purchase up to additional up to $26.25M in common units, potentially bringing total offering to ~$201M if fully exercised.
Exhibit 99.1 view on EDGAR → -
low
Truist Securities, Mizuho, and Raymond James serving as joint book-running managers for the transaction.
Exhibit 99.1 view on EDGAR →
Summary
Delek Logistics has launched a $175 million underwritten public offering of common units, with proceeds primarily directed toward paying down its revolving credit facility. The offering is being conducted under an existing shelf registration statement, allowing the partnership to access capital markets efficiently.
Underwriters have a 30-day greenshoe option for an additional up to $26.25 million, which could bring the total raise to approximately $201 million. For existing unitholders, this represents dilution as new common units enter the market, though the deleveraging aspect should strengthen the partnership's balance sheet and improve financial flexibility.
The use of proceeds to repay revolving credit debt reduces leverage and frees up borrowing capacity under the credit facility. The involvement of three established investment banks as joint book-running managers suggests the partnership has secured broad market support for the transaction. Pricing and the exact number of units to be issued have not yet been disclosed.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On August 12, 2026, Delek Logistics Partners, LP (the “Partnership”) issued a press release in accordance with Rule 134 under the Securities Act of 1933, as amended, announcing the commencement of an underwritten public offering of $175 million of common units representing limited partner interests in the Partnership pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission.
The Partnership is raising $175 million through an underwritten public offering of common units. The offering is being conducted under an existing shelf registration statement, meaning the Partnership had previously registered securities with the SEC and is now executing a takedown from that shelf. This will dilute existing unitholders as new common units are issued.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) announced today that it has commenced an underwritten public offering of $175 million of common units representing limited partner interests in Delek Logistics pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (the “SEC”).
Delek Logistics has launched an underwritten public offering to raise $175 million through the sale of common units. The offering is being conducted under an existing shelf registration statement, allowing the partnership to access capital markets efficiently. This is a standard equity financing mechanism for master limited partnerships.
Added in current filing · view on EDGAR →
Delek Logistics intends to use the net proceeds from the offering (including any net proceeds from the underwriters’ exercise of their option to purchase additional common units) to repay outstanding borrowings under its revolving credit agreement and for general partnership purposes.
The partnership plans to use the net proceeds primarily to pay down its revolving credit facility, which will reduce leverage and improve financial flexibility. Any remaining proceeds will be used for general partnership purposes. This represents a deleveraging move that should strengthen the balance sheet.
Show 1 minor / wording change
Added in current filing · view on EDGAR →
Truist Securities, Inc., Mizuho, and Raymond James & Associates, Inc. are acting as joint book-running managers for the offering.
Three investment banks are serving as joint book-running managers for the offering: Truist Securities, Mizuho, and Raymond James. The involvement of multiple well-established underwriters suggests the partnership has secured broad market support for the transaction.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 14, 2026 · How we verify