Delek Logistics Partners, LP (NYSE: DKL) and its subsidiary Delek Logistics Finance Corp. announced they received tenders for $270.7 million in aggregate principal amount of their 7.125% Senior Notes due 2028, representing approximately 67.7% of the outstanding notes.

The tender offer expired at 5:00 p.m. New York time on May 11, 2026. The offer commenced May 4, 2026, according to the company's statement.

The companies' obligation to purchase the tendered notes is subject to several conditions, including the completion of a concurrent bond offering announced May 4, 2026, and receipt of sufficient net proceeds to purchase the tendered notes and cover related fees and expenses.

Subject to satisfaction of the offer conditions, the settlement date for validly tendered notes is expected to occur May 14, 2026. Notes accepted for purchase will receive total consideration of $1,001.35 for each $1,000 principal amount tendered, plus accrued and unpaid interest up to the settlement date.

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

Delek Logistics is a midstream energy master limited partnership headquartered in Brentwood, Tennessee, providing gathering, pipeline and transportation services primarily for crude oil and natural gas customers through assets located in the Permian Basin, Delaware Basin and Gulf Coast region.