Delek Logistics Partners, LP Announces $150M Proposed Public Offering Of Common Units
Portfolio Pulse from Benzinga Newsdesk
Delek Logistics Partners, LP (NYSE:DKL) announced a $150 million public offering of common units. The proceeds will be used to redeem convertible preferred units and repay borrowings. Executives have shown interest in purchasing units, but it's not binding.
October 08, 2024 | 8:05 pm
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Delek Logistics Partners is conducting a $150 million public offering of common units to redeem preferred units and repay debt. This could impact stock prices depending on market conditions and investor response.
The public offering aims to manage financial obligations, which is a significant move for Delek Logistics. The impact on stock prices will depend on investor perception and market conditions. The interest from executives, although not binding, indicates confidence in the offering.
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