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Delek Logistics (DKL) has provided an update.
Delek Logistics Partners, LP and its subsidiary initiated a tender offer for the buyback of all outstanding 6.75% Senior Notes due in 2025, while also announcing their intention to privately offer $550 million of new senior notes due in 2029 to eligible purchasers. This move is designed to refinance existing debt and optimize the company’s financial structure, potentially interesting investors looking for corporate financial strategies and debt management.
For a thorough assessment of DKL stock, go to TipRanks’ Stock Analysis page.
