Delek Logistics (NYSE: DKL) raises $220.8M in underwritten common unit sale
Rhea-AI Filing Summary
Delek Logistics Partners, LP completed an underwritten public offering of 4,600,000 common units, including 600,000 units sold through the underwriters’ full option exercise, at $50.00 per unit. Delek Logistics expects to receive gross proceeds of approximately $220.8 million, after underwriting fees and commissions and before other offering-related expenses.
The partnership intends to use the proceeds to repay outstanding borrowings under its revolving credit agreement and for general partnership purposes. None of the units were purchased by Delek US Holdings, Inc., reducing Delek Holdings’ ownership from 63.0% of outstanding common units before the offering to approximately 58.0% after closing.
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8-K Event Classification
Key Figures
Key Terms
underwritten public offering financial
shelf registration statement regulatory
joint book-running managers financial
revolving credit agreement financial
master limited partnership financial
FAQ
What equity offering did Delek Logistics Partners (DKL) complete?
How much did Delek Logistics (DKL) raise from the common unit offering?
How did the offering affect Delek US Holdings’ ownership in DKL?
What is the use of proceeds from Delek Logistics’ (DKL) unit offering?
Who managed Delek Logistics Partners’ (DKL) public offering of common units?
Under what SEC registration did Delek Logistics (DKL) sell these units?
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