Delek Logistics Partners, LP (NYSE: DKL) and its subsidiary Delek Logistics Finance Corp. announced a cash tender offer for all outstanding 7.125% Senior Notes due 2028. The offer expires at 5:00 p.m. New York time on May 11, 2026, unless extended or terminated earlier.

Noteholders who tender their securities before the expiration will receive $1,001.35 per $1,000 principal amount, plus accrued and unpaid interest through the settlement date. Settlement is expected to occur on May 14, 2026, provided all conditions are met.

The tender offer is contingent upon completion of a concurrent bond offering that would provide sufficient proceeds to purchase the tendered notes and cover related expenses. The offer does not require a minimum amount of notes to be tendered.

In connection with the concurrent offering, the companies plan to issue a conditional notice of partial redemption for a portion of their outstanding 8.625% Senior Notes due 2029, though this press release does not constitute an official redemption notice.

Wells Fargo Securities, LLC serves as dealer manager for the transaction, while D.F. King & Co., Inc. acts as tender agent and information agent.

Delek Logistics is a midstream energy master limited partnership based in Brentwood, Tennessee. The company provides gathering, pipeline and transportation services for crude oil and natural gas, along with storage and terminalling services for refined products, primarily in the Permian Basin, Delaware Basin and Gulf Coast regions.

The information is based on a company press release.