Delek Logistics Partners stock slides on pricing stock offering at .50 per unit

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Delek Logistics Partners stock slides on pricing stock offering at $38.50 per unit

In addition, Delek Logistics has granted the underwriters a 30-day option to purchase up to 467,532 additional common units.

The company intends to use the net proceeds from the offering to repay outstanding borrowings under its revolving credit agreement.

The offering is expected to settle and close on March 12, 2024.

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