04:48 AM EST, 03/08/2024 (MT Newswires) -- Delek Logistics Partners ( DKL ) said late Thursday it priced an underwritten public offering of about 3.1 million common units representing limited partner interests in the company at $38.50 per unit.

The midstream energy partnership, in which Delek US Holdings ( DK ) is the general partner, has granted the underwriters a 30-day option to purchase up to 467,532 additional units.

Net proceeds will be used for debt repayments, the partnership said.

Closing of the offering is expected to occur on March 12, subject to customary closing conditions.