Delek Logistics announces proposed offering of $800M of senior notes

Delek Logistics (DKL) Partners, along with Delek Logistics Finance Corp., a subsidiary of Delek Logistics, intends to offer $800M in aggregate principal amount of senior notes due 2034 in a private placement to eligible purchasers, subject to market conditions. Delek Logistics intends to use the net proceeds from the offering to repurchase all of the outstanding 7.125% Senior Notes due 2028 in the settlement of the concurrently announced Tender Offer for such notes as described herein, or to redeem any 2028 Notes that remain outstanding after completion of the Tender Offer, to redeem a portion of our outstanding 8.625% Senior Notes due 2029, and to pay premiums, fees and expenses related to the foregoing. We intend to use any remaining net proceeds for general corporate purposes.