Delek Logistics Partners Announces $200M Public Unit Offering

What Happened
On August 12, 2026, Delek Logistics Partners, LP announced it entered into an underwriting agreement to sell 4,000,000 common units representing limited partner interests at $50.00 per unit. The underwriters — Truist Securities, Mizuho Securities USA and Raymond James — were named as joint book-running managers. The Partnership also granted the underwriters a 30‑day option to purchase up to an additional 600,000 units on the same terms. The offering is being made under the Partnership’s Form S-3 registration statement (declared effective May 7, 2024) and was disclosed via a prospectus supplement dated August 12, 2026.

Key Details

• Units offered: 4,000,000 common units at $50.00 per unit (gross proceeds of approximately $200,000,000).
• Over-allotment: Option to purchase up to 600,000 additional units (up to ~$30,000,000) exercisable for 30 days.
• Underwriting agreement date: August 12, 2026; lead book-runners: Truist, Mizuho, Raymond James.
• Offering registered on Form S-3 (file No. 333-278939); prospectus supplements include Oct 8, 2024 and Aug 12, 2026.

Why It Matters
This transaction will raise capital for the Partnership — approximately $200 million initially and up to roughly $230 million if the over-allotment is exercised — and will increase the number of common units outstanding, which can dilute existing unitholders’ percentage ownership. The filing does not specify the use of proceeds; investors should review the prospectus supplement for details on intended use, timing, and any effects on distributions. Watch for confirmation of pricing, final gross proceeds, and whether the over-allotment is exercised.