Delek Logistics Partners, LP 8-K

What Happened
Delek Logistics Partners, LP (the Partnership) announced on May 4, 2026 (filed May 5, 2026) that it and its wholly‑owned subsidiary Delek Logistics Finance Corp. priced an offering of $800 million aggregate principal amount of 6.875% senior notes due 2034. Simultaneously, the Issuers issued a conditional notice to partially redeem $400 million aggregate principal amount of their outstanding 8.625% senior notes due 2029 at a redemption price of 104.313% of principal, plus accrued and unpaid interest. The partial redemption is conditioned upon the closing of the new notes offering. A press release dated May 4, 2026 was filed as Exhibit 99.1.

Key Details

• New notes: $800 million aggregate principal, 6.875% coupon, maturity 2034.
• Targeted redemption: $400 million of existing 8.625% senior notes due 2029.
• Redemption price: 104.313% of principal plus accrued interest to (but excluding) the redemption date.
• Redemption is conditional on consummation of the 2034 notes offering; press release attached as Exhibit 99.1.

Why It Matters
This transaction represents refinancing activity: issuing longer‑dated, lower‑coupon debt (6.875% due 2034) while preparing to retire a portion of nearer‑term, higher‑cost debt (8.625% due 2029). If completed, the deal would extend maturities and may lower annual interest expense on the portion refinanced, but will require cash to pay the premium (104.313%) on redeemed 2029 notes. Investors should watch for the closing of the offering and any subsequent updates on use of proceeds and final redemption timing.