04:47 AM EDT, 08/14/2024 (MT Newswires) -- Delek Logistics Partners ( DKL ) said late Tuesday that the company and its Delek Logistics Finance subsidiary have priced an upsized offering of $200 million additional 8.625% senior notes due 2029.

The offering price was 103.25% of the face value of the notes plus accrued interest from March 13, 2024.

The aggregate principal amount of the offering, which is expected to close on Aug. 16, was increased from $100 million.

Net proceeds from the offering will be used to repay a portion of the company's borrowings under its revolving credit facility.

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