NYSE:DKLOil and Gas
Delek Logistics Refinancing Shift Resets Debt Costs And Maturity Profile
Delek Logistics Partners (NYSE:DKL) has launched US$800 million in new senior notes due 2034.
The partnership has also started a cash tender offer for its existing 2028 senior notes.
The refinancing is intended to adjust its debt profile by using proceeds from the 2034 notes to address higher coupon 2028 and 2029 notes.
For you as an investor, this refinancing move goes straight to the core of how Delek Logistics Partners, a midstream operator, finances its business. Adjusting maturities...