Delek Logistics Partners (DKL) Secures $1.3 Billion Credit Facility

On March 26, 2026, Delek Logistics Partners, LP (NYSE:DKL) announced it had secured a caller $1.3 cardinal revolving recognition agreement. Led by Truist Bank, the caller recognition installation allows the institution to efficaciously refinance its existing debt. The installation matures arsenic precocious arsenic March 2031 and includes an accordion diagnostic to grow borrowing capableness further. Delek Logistics Partners, LP (NYSE:DKL) aims to usage the proceeds from the recognition installation for acquisitions, superior expenditures, and wide firm purposes. This restructured statement improves the company’s fiscal flexibility done first-priority liens connected assets. Also, the institution strengthens its semipermanent superior operation and maintains its sturdy structural protections for its lending syndicate by replacing anterior word loans.

In different event, connected March 23, 2026, Truist initiated sum of Delek Logistics Partners, LP (NYSE:DKL) with a Hold standing and a terms people of $57. According to the expert probe note, the institution distinguishes itself arsenic a full-service midstream supplier successful the Permian. Additionally, the steadfast cited notable equity show and believes that the banal is reasonably valued.

Founded successful 2012, Delek Logistics Partners, LP (NYSE:DKL) is simply a maestro constricted concern formed by Delek US Holdings. The institution has office successful Tennessee and owns and operates a divers portfolio of crude oil, refined products, and earthy state gathering and h2o absorption products.

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