Delek Logistics Partners LP (DKL) News & EventsDKLDelek Logistics Partners LP

Delek Logistics Announces Q3 2026 Cash Distribution of $1.14 per Unit

Delek Logistics Partners declared its quarterly cash distribution for the third quarter 2026 of $1.14 per common limited partner unit, or $4.56 per common limited partner unit on an annualized basis. The third quarter 2026 cash distribution is payable on November 10 to unitholders of record on November 3.

Delek US Holdings Plans to Offer $400M Convertible Senior Notes

Delek US Holdings intends to offer $400M aggregate principal amount of convertible senior notes due 2031 in a private offering. The Notes will be fully and unconditionally guaranteed, on a senior unsecured basis, by each subsidiary of the Company that guarantees its senior secured term loan facility or asset-based revolving credit facility. The Company also intends to grant the initial purchasers of the Notes an option to purchase up to an additional $60M aggregate principal amount of the Notes within a 13-day period beginning on, and including, the initial closing date of the Offering. The Company intends to use a portion of the net proceeds from the Offering to fund the cost of entering into the capped call transactions with the option counterparties and the remainder of the net proceeds for general corporate purposes, which will include the partial repayment of amounts outstanding under the Term Loan Credit Facility, including accrued interest and related fees and expenses.

Deal Size Increased to $200M in Common Stock

The deal size was increased to $200M in common stock from $175M in common stock and priced within the $50.00-$52.00 range. Truist, Mizuho and Raymond James acted as joint book running managers for the offering.