Delek Logistics Partners, LP (DKL) Form 424B3 — Aug 12, 2026
Delek Logistics Partners, LP filed a preliminary prospectus supplement for an underwritten offering of up to $175,000,000 in aggregate offering price of common units representing limited partner interests, with the underwriters holding a 30-day option to purchase up to an additional $26.25 million of units. Truist Securities, Mizuho Securities USA and Raymond James are acting as joint book-running managers, and the partnership, Delek Holdings and its officers and directors have agreed to 60-day lock-up restrictions covering their units.
Key figures
- Gross Proceeds
- up to $175,000,000 (before underwriting discounts and expenses; pricing not yet set)
- Shares Outstanding
- 53197301
- Shelf capacity
- $500,000,000 under base prospectus dated May 7, 2024 (Reg. No. 333-278939)
- Lockup period days
- 60
- Greenshoe option usd
- $26.25 million (30-day underwriter option)
- Distribution per unit
- $1.135 per common unit (Q2 2026, declared July 22, 2026, paid August 10, 2026)
- Outstanding senior notes
- ["8.625% Senior Notes due 2029","7.375% Senior Notes due 2033","6.875% Senior Notes due 2034"]
- Credit agreement maturity
- March 26, 2031 (subject to springing maturity tied to 8.625% Senior Notes due 2029)
- Delek holdings lp interest
- approximately 63.0% limited partner interest plus non-economic general partner interest
- Estimated offering expenses
- $300,000
- Delek holdings refinery capacity
- 302,000 bpd combined across four refineries (Tyler 75,000; El Dorado 80,000; Big Spring 73,000; Krotz Springs 74,000)
- Revolver weighted avg interest rate
- approximately 6.05% per annum as of June 30, 2026
AI analysis
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