Delek Logistics announces $150M common units offering

Delek Logistics Partners announced that it has commenced an underwritten public offering of $150M of common units representing limited partner interests in Delek Logistics. Delek Logistics intends to use the net proceeds from the offering to redeem its outstanding convertible preferred units and to repay outstanding borrowings under its revolving credit agreement. BofA Securities, Barclays, and RBC Capital Markets are acting as joint book-running managers for the offering.