Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when DKL files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsDelek Logistics prices $200M public offering at $50/unit to repay debt
Filed August 13, 2026 · Period ending August 12, 2026 · ~1 min read
Key Changes
-
high
Priced underwritten public offering of 4 million common units at $50.00 per unit, raising $200 million in gross proceeds. Underwriters have 30-day option to purchase up to 600,000 additional units. Offering expected to close August 14, 2026.
Item 8.01 verify on EDGAR → -
medium
Net proceeds will be used to repay outstanding borrowings under the revolving credit agreement and for general partnership purposes, indicating debt reduction is a primary use of the capital raised.
Exhibit 99.1 view on EDGAR → -
medium
Sponsor Delek Holdings is not participating in the offering. Its ownership stake will decline from 63.0% to approximately 58.0% (assuming full exercise of underwriters' option), diluting the sponsor's controlling interest.
Exhibit 99.1 view on EDGAR →
Summary
Delek Logistics priced a $200 million public offering of 4 million common units at $50.00 per unit, with underwriters holding a 30-day option for up to 600,000 additional units. The offering is being made under an existing shelf registration statement and is expected to close August 14, 2026. The partnership intends to use net proceeds primarily to repay outstanding borrowings under its revolving credit agreement, with the remainder for general partnership purposes.
Notably, sponsor Delek Holdings is not participating in the offering, resulting in dilution of its controlling stake from 63.0% to approximately 58.0% (assuming full exercise of the underwriters' option). For existing unitholders, the offering represents approximately 11% dilution to the pre-offering unit count. The debt repayment use of proceeds should reduce leverage and interest expense, though the filing does not disclose the current revolver balance or the interest rate being retired.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Aug 14, 2026 · How we verify