STOCK TITAN

Delek Logistics (NYSE: DKL) raises $220.8M in underwritten common unit sale

(Moderate)
(Neutral)
Form Type
8-K

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.

Positive

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Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Common units offered 4,600,000 units Total common units in the underwritten public offering, including option exercise
Underwriters’ option exercise 600,000 units Additional common units sold via underwriters’ full option exercise
Offering price $50.00 per unit Public offering price for each common unit
Gross proceeds approximately $220.8 million Gross proceeds after underwriting fees and commissions, before other expenses
Delek Holdings ownership before 63.0% Delek US Holdings’ ownership of outstanding common units prior to the offering
Delek Holdings ownership after approximately 58.0% Delek US Holdings’ ownership of outstanding common units after the offering
underwritten public offering financial
"it has closed its previously announced underwritten public offering of 4,600,000 common units"
An underwritten public offering is when a company sells new shares of its stock to the public with the help of a financial firm, called an underwriter. The underwriter agrees to buy all the shares upfront, reducing the company's risk, and then sells them to investors. This process helps companies raise money quickly and confidently from a wide range of buyers.
shelf registration statement regulatory
"The offering was made pursuant to an effective shelf registration statement previously filed"
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
joint book-running managers financial
"Truist Securities, Inc., Mizuho, and Raymond James & Associates, Inc. acted as joint book-running managers"
Joint book-running managers are the lead banks or financial firms responsible for organizing and overseeing the sale of a large financial offering, such as a company’s stock or bonds. They coordinate efforts to set the price, attract investors, and ensure the offering is successful. Their role is important to investors because they help ensure the offering is well-managed, properly priced, and accessible to a wide range of buyers.
revolving credit agreement financial
"to repay outstanding borrowings under its revolving credit agreement and for general partnership purposes"
A revolving credit agreement is a flexible loan arrangement where a borrower can borrow, repay, and borrow again up to a set limit, similar to a credit card. It matters because it gives businesses or individuals quick access to funds whenever needed, helping manage cash flow and cover expenses without applying for a new loan each time.
master limited partnership financial
"Delek Logistics is a midstream energy master limited partnership headquartered in Brentwood, Tennessee"
A master limited partnership is a type of business structure that combines features of a corporation and a partnership, allowing it to raise money from investors while passing profits directly to them. Think of it as a shared ownership group that offers regular income, making it attractive to investors seeking steady cash flow. This structure is often used by companies involved in natural resources or energy, where consistent revenue is common.

FAQ

What equity offering did Delek Logistics Partners (DKL) complete?

Delek Logistics Partners (DKL) completed an underwritten public offering of 4,600,000 common units at $50.00 per unit, including 600,000 units sold via the underwriters’ full option exercise, under an effective shelf registration statement.

How much did Delek Logistics (DKL) raise from the common unit offering?

Delek Logistics expects gross proceeds of approximately $220.8 million from the offering, after underwriting fees and commissions and before other offering-related expenses, to be used primarily to repay borrowings under its revolving credit agreement and for general partnership purposes.

How did the offering affect Delek US Holdings’ ownership in DKL?

Because Delek US Holdings did not purchase any units in the offering, its ownership of DKL’s outstanding common units declined from 63.0% before the transaction to approximately 58.0% following the closing of the underwritten public offering.

What is the use of proceeds from Delek Logistics’ (DKL) unit offering?

Delek Logistics intends to use the approximately $220.8 million in gross proceeds to repay outstanding borrowings under its revolving credit agreement and for general partnership purposes, as described in the press release and related prospectus supplement.

Who managed Delek Logistics Partners’ (DKL) public offering of common units?

The underwritten offering was managed by Truist Securities, Inc., Mizuho, and Raymond James & Associates, Inc., which acted as joint book-running managers under a prospectus supplement filed pursuant to an effective shelf registration statement.

Under what SEC registration did Delek Logistics (DKL) sell these units?

The common units were sold pursuant to an effective shelf registration statement on file with the SEC, with the specific terms described in a related prospectus supplement and base prospectus available through the SEC and the underwriters.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
false 0001552797 0001552797 2026-08-14 2026-08-14
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

August 14, 2026

Date of Report (Date of earliest event reported)

 

 

DELEK LOGISTICS PARTNERS, LP

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-35721   45-5379027
(State or other jurisdiction
of incorporation)
 

(Commission

File Number)

  (IRS Employer
Identification No.)

 

LOGO

 

310 Seven Springs Way, Suite 500   Brentwood   Tennessee    37027
(Address of Principal Executive)        (Zip Code)

(615) 771-6701

(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
Symbol(s)

 

Name of each exchange
on which registered

Common Units Representing Limited Partner Interests   DKL   New York Stock Exchange

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 7.01

Regulation FD Disclosure.

On August 14, 2026, Delek Logistics Partners, LP (the “Partnership”) issued a press release announcing the closing of its underwritten public offering of 4,600,000 common units representing limited partner interests in the Partnership, including 600,000 common units sold pursuant to the underwriters’ full exercise of their option to purchase additional common units, at a price of $50.00 per unit. A copy of the Partnership’s press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information in this Item 7.01 is being furnished, not filed, pursuant to Regulation FD. Accordingly, the information in Item 7.01 of this report will not be incorporated by reference into any registration statement filed by the Partnership under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference. The furnishing of the information in this report is not intended to, and does not, constitute a determination or admission by the Partnership that the information in this report is material or complete, or that investors should consider this information before making an investment decision with respect to any security of the Partnership or any of its affiliates.

 

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.

 

99.1    Press release of Delek Logistics Partners, LP dated August 14, 2026.
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: August 14, 2026      

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

Exhibit 99.1

 

LOGO

Delek Logistics Partners, LP Announces Closing of Public Offering of Common Units and Full Exercise

of Underwriters’ Option to Purchase Additional Units

BRENTWOOD, Tenn., August 14, 2026 – Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) announced today that it has closed its previously announced underwritten public offering of 4,600,000 common units representing limited partner interests in Delek Logistics, including 600,000 common units sold pursuant to the underwriters’ full exercise of their option to purchase additional common units, at a price of $50.00 per unit. Delek Logistics intends to use the gross proceeds of approximately $220.8 million, after underwriting fees and commissions and before other offering-related expenses, to repay outstanding borrowings under its revolving credit agreement and for general partnership purposes.

None of the common units sold in the offering were purchased by Delek US Holdings, Inc. (“Delek Holdings”). As a result, Delek Holdings’ ownership of the outstanding Delek Logistics common units declined from 63.0% prior to the offering to approximately 58.0% following the closing of the offering.

The offering was made pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (the “SEC”). A prospectus supplement relating to the offering has also been filed with the SEC.

Truist Securities, Inc., Mizuho, and Raymond James & Associates, Inc. acted as joint book-running managers for the offering. A copy of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained from any of the underwriters, including Truist Securities, Inc. at 740 Battery Ave SE, 3rd Floor, Atlanta, Georgia 30339, Attention: Equity Capital Markets or by email at TruistSecurities.prospectus@Truist.com; Mizuho Securities USA LLC at 1271 Avenue of the Americas, 3rd Floor, New York, NY 10020, Attention: Equity Capital Markets or by email at us-ecm@mizuhogroup.com; and Raymond James & Associates, Inc. at 880 Carillon Parkway, St. Petersburg, Florida 33716, Attention: Equity Syndicate or by email at prospectus@raymondjames.com. You may also obtain these documents for free when they are available by visiting the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the “Securities Act”).

About Delek Logistics Partners, LP

Delek Logistics is a midstream energy master limited partnership headquartered in Brentwood, Tennessee. Through its owned assets and joint ventures located primarily in and around the Permian Basin, the Delaware Basin and other select areas in the Gulf Coast region, Delek Logistics provides gathering, pipeline and other transportation services primarily for crude oil and natural gas customers, storage, wholesale marketing and terminalling services primarily for intermediate and refined product customers, and water disposal and recycling services.

Delek Holdings (NYSE: DK) owns the general partner interest as well as a majority limited partner interest in Delek Logistics and is also a significant customer.


Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, including statements regarding the closing of the offering and the anticipated use of the net proceeds therefrom. These statements may contain words such as “possible,” “believe,” “should,” “could,” “would,” “predict,” “plan,” “estimate,” “intend,” “may,” “anticipate,” “will,” “if,” “expect” or similar expressions, as well as statements in the future tense, are made as of the date they were first issued and are based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Delek Logistics’ control. Delek Logistics’ actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including, but not limited to, market risks and uncertainties, including those which might affect the offering. These and other potential risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in Delek Logistics’ filings and reports with the SEC, including the Annual Report on Form 10-K for the year ended December 31, 2025, the Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2026 and June 30, 2026 and other reports and filings with the SEC.

Filing Exhibits & Attachments

4 documents