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Stock impact report

Delek Logistics Partners, LP Announces Proposed Offering of $550 Million of Senior Notes [Yahoo! Finance]

Delek Logistics Partners, L.P. Common Units representing Limited Partner Interests (DKL) 
Last delek logistics partners, l.p. common units representing limited partner interests earnings: 2/25 04:15 pm Check Earnings Report
US:NYSE Investor Relations: deleklogistics.com/investor-relations
Company Research Source: Yahoo! Finance
Delek Logistics Finance Corp., a subsidiary of Delek Logistics, intends to offer $550 million in aggregate principal amount of senior notes due 2029 (the "Notes") in a private placement to eligible purchasers, subject to market conditions. Delek Logistics intends to use the net proceeds from the offering to (i) repurchase or redeem all of the outstanding 6.75% Senior Notes due 2025 (the "2025 Notes"), (ii) repay in full the outstanding borrowings under Delek Logistics' term loan facility and (iii) pay accrued and unpaid interest, premiums, fees and expenses related to such repurchases, repayments and redemptions. Delek Logistics intends to use any remaining net proceeds for general corporate purposes, which may include the repayment of a portion of the outstanding borrowings under its revolving credit facility. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers in an offering exempt from registration in reliance on Rule 144A under th Show less Read more
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