06:02 PM EDT, 03/12/2024 (MT Newswires) -- Delek Logistics Partners ( DKL ) said Tuesday it closed a $132.5 million underwritten public offering of about 3.6 million common units at $38.50 per unit.

Underwriters in the offering also exercised their option to buy about 467,000 units in full, according to the company.

Proceeds from the offering will be used to repay outstanding borrowings under the company's revolving credit deal, Delek added.