Delek Logistics (DKL) Partners and Delek Logistics Finance have received, as of 5:00 p.m., New York City time, on May 11, 2026, tenders from holders of $270,721,000 in aggregate principal amount, representing approximately 67.7%, of the Offerors’ 7.125% Senior Notes due 2028, in connection with the Offerors’ previously announced tender offer, which commenced May 4, 2026 and is described in the Offer to Purchase, dated as of May 4, 2026, and the related Letter of Transmittal and Notice of Guaranteed Delivery. The Offerors’ obligation to accept for purchase, and to pay for, any Notes pursuant to the Offer is subject to a number of conditions set forth in the Offer Documents, including the Offerors’ consummation, on terms and conditions satisfactory to the Offerors, of the concurrent bond offering announced on May 4, 2026 and the receipt of net proceeds therefrom, together with other sources of liquidity, sufficient to purchase the Notes tendered in the Offer and the fees and expenses related thereto. Subject to the satisfaction or waiver of the conditions set forth in the Offer Documents, the settlement date for the Notes validly tendered prior to the Expiration Time and accepted for purchase in the Offer, including Notes submitted using the Notice of Guaranteed Delivery, is expected to occur on Thursday, May 14, 2026. Notes validly tendered and accepted for purchase will receive total consideration of $1,001.35 for each $1,000 principal amount of the Notes tendered, plus accrued and unpaid interest up to, but excluding, the Settlement Date for such Notes.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DKL:
- Delek Logistics Prices $800 Million Senior Notes Offering
- Delek Logistics announces proposed offering of $800M of senior notes
- Delek Logistics, Delek Logistics Finance announce tender offer for senior notes
- Delek Logistics Launches Debt Tender and Refinancing Plan
- Delek Logistics price target raised to $60 from $57 at Raymond James
