Delek Logistics Partners Upsizes Senior Notes Offering to $700 Million

BRENTWOOD, Tenn. – Delek Logistics Partners, LP (NYSE: DKL) has announced a successful pricing of an upsized offering of $700 million in aggregate principal amount of 7.375% senior notes due 2033. The market reacted positively to the news, underscoring investor confidence in the midstream energy sector.

The transaction, involving Delek Logistics and its subsidiary Delek Logistics Finance Corp., sets the stage for the notes to be issued at par. The deal is slated to close on June 30, 2025, contingent upon standard closing conditions. Proceeds from the offering are earmarked for the repayment of outstanding borrowings under the company’s revolving credit facility, a move designed to bolster Delek Logistics’ financial flexibility.

The notes are being offered exclusively to qualified institutional buyers, under Rule 144A of the Securities Act of 1933, and to non-U.S. persons under Regulation S of the same act. This structured approach indicates a strategic focus on tapping specific investor segments. The securities have not been registered under the Securities Act or any state securities laws.

This press release serves as a formal notification under Rule 135c of the Securities Act and does not constitute an offer to sell or a solicitation to buy the notes or any other securities.

About Delek Logistics Partners, LP

Delek Logistics, headquartered in Brentwood, Tennessee, is a prominent player in the midstream energy sector. Its assets and joint ventures, primarily located in and around the Permian Basin, the Delaware Basin, and select Gulf Coast regions, facilitate the transportation of crude oil and natural gas, along with providing storage, wholesale marketing, and terminalling services of intermediate and refined products. The company also offers water disposal and recycling services to a wide range of clients.

Delek US Holdings, Inc. (NYSE: DK), owning the general partner interest and a substantial limited partner interest in Delek Logistics, also serves as a major customer, creating a vertically integrated operation.

Forward-Looking Statements

This release includes “forward-looking statements” as defined by securities laws. These statements reflect current expectations regarding the offering’s potential and should not be interpreted as guarantees of future performance. Given existing market volatility, Delek Logistics’ actual performance may vary significantly. Risks, including those outlined in the company’s SEC filings, could influence final results.

Delek Logistics Partners Upsizes Senior Notes Offering to 0 Million