[8-K] DELEK LOGISTICS PARTNERS, LP Reports Material Event
Delek Logistics Partners (NYSE:DKL) announced plans to offer $500 million in new senior notes due 2033 through a private placement to eligible purchasers. The offering, which will be conducted by DKL and its wholly-owned subsidiary Delek Logistics Finance Corp, is subject to market and other conditions. This debt offering is exempt from registration under the Securities Act of 1933.
Delek Logistics Partners (NYSE:DKL) ha annunciato l'intenzione di offrire 500 milioni di dollari in nuove obbligazioni senior con scadenza 2033 tramite un collocamento privato riservato a acquirenti idonei. L'offerta, che sarà condotta da DKL e dalla sua controllata interamente posseduta Delek Logistics Finance Corp, è soggetta a condizioni di mercato e altre condizioni. Questa emissione di debito è esente da registrazione ai sensi del Securities Act del 1933.
Delek Logistics Partners (NYSE:DKL) anunció planes para ofrecer 500 millones de dólares en nuevos bonos senior con vencimiento en 2033 mediante una colocación privada para compradores elegibles. La oferta, que será realizada por DKL y su subsidiaria de propiedad total Delek Logistics Finance Corp, está sujeta a condiciones de mercado y otras condiciones. Esta emisión de deuda está exenta de registro conforme a la Ley de Valores de 1933.
Delek Logistics Partners (NYSE:DKL)는 적격 구매자를 대상으로 2033년 만기 신규 선순위 채권 5억 달러를 사모 방식으로 발행할 계획을 발표했습니다. 이 발행은 DKL과 전액 출자 자회사인 Delek Logistics Finance Corp가 수행하며, 시장 상황 및 기타 조건에 따라 결정됩니다. 이번 채무 발행은 1933년 증권법에 따른 등록 면제 대상입니다.
Delek Logistics Partners (NYSE:DKL) a annoncé son intention d'offrir 500 millions de dollars en nouvelles obligations senior arrivant à échéance en 2033, via un placement privé réservé aux acheteurs éligibles. L'offre, qui sera réalisée par DKL et sa filiale détenue à 100 % Delek Logistics Finance Corp, est soumise aux conditions du marché et autres. Cette émission de dette est exemptée d'enregistrement en vertu du Securities Act de 1933.
Delek Logistics Partners (NYSE:DKL) gab Pläne bekannt, 500 Millionen US-Dollar an neuen Senior Notes mit Fälligkeit 2033 über eine Privatplatzierung an berechtigte Käufer anzubieten. Das Angebot, das von DKL und seiner hundertprozentigen Tochtergesellschaft Delek Logistics Finance Corp durchgeführt wird, unterliegt Markt- und sonstigen Bedingungen. Dieses Schuldenangebot ist gemäß dem Securities Act von 1933 von der Registrierungspflicht befreit.
- Significant capital raising initiative through $500 million senior notes offering
- Long-term debt maturity extending to 2033 provides extended financing visibility
- Strategic use of private placement structure offers greater flexibility
- Additional debt load of $500 million will increase leverage
- Success of offering subject to market conditions and investor appetite
Insights
DKL's $500M senior notes offering signals significant debt financing activity, expanding their long-term liability profile through 2033.
The decision to issue senior notes with an 8-year maturity suggests a strategic approach to debt management. The private placement structure indicates a targeted approach to institutional investors, potentially offering more flexible terms compared to public offerings. The timing and size of this offering are notable, as it represents a substantial financing move that will likely impact the partnership's capital structure and future financial flexibility.
Private placement of $500M senior notes provides DKL with significant capital raising flexibility while maintaining controlled disclosure requirements.
The choice of a Rule 135c compliant private offering structure is strategically significant. This approach allows DKL to access institutional capital markets while maintaining reduced disclosure requirements compared to a public offering. The 2033 maturity provides extended financing visibility, though the success and terms of the offering will depend on market conditions and investor appetite for energy infrastructure debt.
Delek Logistics Partners (NYSE:DKL) ha annunciato l'intenzione di offrire 500 milioni di dollari in nuove obbligazioni senior con scadenza 2033 tramite un collocamento privato riservato a acquirenti idonei. L'offerta, che sarà condotta da DKL e dalla sua controllata interamente posseduta Delek Logistics Finance Corp, è soggetta a condizioni di mercato e altre condizioni. Questa emissione di debito è esente da registrazione ai sensi del Securities Act del 1933.
Delek Logistics Partners (NYSE:DKL) anunció planes para ofrecer 500 millones de dólares en nuevos bonos senior con vencimiento en 2033 mediante una colocación privada para compradores elegibles. La oferta, que será realizada por DKL y su subsidiaria de propiedad total Delek Logistics Finance Corp, está sujeta a condiciones de mercado y otras condiciones. Esta emisión de deuda está exenta de registro conforme a la Ley de Valores de 1933.
Delek Logistics Partners (NYSE:DKL)는 적격 구매자를 대상으로 2033년 만기 신규 선순위 채권 5억 달러를 사모 방식으로 발행할 계획을 발표했습니다. 이 발행은 DKL과 전액 출자 자회사인 Delek Logistics Finance Corp가 수행하며, 시장 상황 및 기타 조건에 따라 결정됩니다. 이번 채무 발행은 1933년 증권법에 따른 등록 면제 대상입니다.
Delek Logistics Partners (NYSE:DKL) a annoncé son intention d'offrir 500 millions de dollars en nouvelles obligations senior arrivant à échéance en 2033, via un placement privé réservé aux acheteurs éligibles. L'offre, qui sera réalisée par DKL et sa filiale détenue à 100 % Delek Logistics Finance Corp, est soumise aux conditions du marché et autres. Cette émission de dette est exemptée d'enregistrement en vertu du Securities Act de 1933.
Delek Logistics Partners (NYSE:DKL) gab Pläne bekannt, 500 Millionen US-Dollar an neuen Senior Notes mit Fälligkeit 2033 über eine Privatplatzierung an berechtigte Käufer anzubieten. Das Angebot, das von DKL und seiner hundertprozentigen Tochtergesellschaft Delek Logistics Finance Corp durchgeführt wird, unterliegt Markt- und sonstigen Bedingungen. Dieses Schuldenangebot ist gemäß dem Securities Act von 1933 von der Registrierungspflicht befreit.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| (Address of Principal Executive) | (Zip Code) |
(Registrant’s telephone number, including area code)
Not Applicable
(Former name, former address and former fiscal year, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading |
Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 8.01 | Other Events. |
On June 25, 2025, Delek Logistics Partners, LP, a Delaware limited partnership (the “Partnership”), issued a press release in accordance with Rule 135c under the Securities Act of 1933, as amended, announcing that, subject to market and other conditions, the Partnership and Delek Logistics Finance Corp., a Delaware corporation and wholly-owned subsidiary of the Partnership, intend to offer for sale $500 million in aggregate principal amount of new senior notes due 2033 in a private offering to eligible purchasers that is exempt from registration under the Securities Act.
A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit Number |
Description | |
| 99.1 | Press release of Delek Logistics Partners, LP and Delek Logistics Finance Corp., dated June 25, 2025. | |
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: June 25, 2025 | DELEK LOGISTICS PARTNERS, LP By: Delek Logistics GP, LLC its general partner | |||||
| /s/ Robert Wright | ||||||
| Name: | Robert Wright | |||||
| Title: | Executive Vice President and Chief Financial Officer DKL (Principal Financial Officer) | |||||
FAQ
How much is DKL planning to raise through the senior notes offering?
When will DKL's new senior notes mature?
Who can participate in DKL's senior notes offering?
Which entities are issuing the senior notes for DKL?
