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2 stories mentioning DKLUpdated 43d ago

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Wire

Delek Logistics Partners Launches Tender Offer, Plans $800 Million Senior Notes Offering

Delek Logistics Partners LP (DKL) said Monday it launched a tender offer for its 7.125% senior notes due 2028 and plans to issue $800 million of senior notes due 2034 to fund the transaction and refinance debt.The company said it is offering to purchase any and all of the 2028 notes at $1,001.35 per $1,000 principal amount, plus accrued and unpaid interest. The offer is set to expire May 11, with settlement expected May 14, according to Delek.Delek said the tender offer depends on completing the proposed debt issuance and receiving sufficient proceeds.The company said it intends to use proceeds from the new notes to repurchase all outstanding 2028 notes in the tender offer or redeem any that remain outstanding afterward, redeem a portion of its 8.625% notes due 2029, and cover related premiums, fees, and expenses, with any remaining funds for general corporate purposes.Price: $52.58, Change: $-0.24, Percent Change: -0.46%

$DKL
Commodities

Delek Logistics Reports Q1 Throughput Gains in Delaware Basin, Mixed Elsewhere

Delek Logistics (DKL) reported Wednesday Q1 throughput growth across key Permian Basin assets, with mixed volumes across segments compared with a year earlier.In the Delaware Basin, natural gas gathering and processing volumes averaged 63.9 million cubic feet per day in Q1, up from 59.9 MMcf/d a year earlier.Crude gathering rose to 129,451 barrels per day for the quarter ended Mar. 31, down from 122,226 b/d a year earlier.Midland Gathering System crude volumes fell to 218,203 b/d for the quarter, down from 246,090 b/d a year earlier, the company added.Delek reported Plains Connection volumes of 212,359 b/d for the quarter, up from 179,240 b/d a year earlier.Terminalling throughputs averaged 135,744 b/d, compared with 135,404 a year earlier, while West Texas marketing volumes rose to 11,771 b/d from 10,826 b/d a year earlier.Crude pipeline volumes, non-gathered, averaged 62,758 b/d in Q1, up from 61,888 b/d a year earlier, while refined products pipelines to Enterprise Systems fell to 44,658 b/d, from 56,010 b/d a year earlier.El Dorado Gathering System volumes declined to 9,220 b/d from 10,321 b/d a year earlier, while East Texas Crude Logistics System volumes rose slightly to 27,284 b/d from 26,918 b/d over the year.Delek Logistics completed drilling of its first acid gas injection well at the Libby Gas Complex during the quarter, advancing its sour gas processing and handling capabilities in the Delaware Basin.Price: $52.52, Change: $+1.66, Percent Change: +3.26%

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