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

Delek Logistics Partners, LP (NYSE:DKL) is one of the MLP Stocks List: 20 Largest MLPs.

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 new $1.3 billion revolving credit agreement. Led by Truist Bank, the new credit facility allows the company to effectively refinance its existing debt. The facility matures as late as March 2031 and includes an accordion feature to expand borrowing capacity further. Delek Logistics Partners, LP (NYSE:DKL) aims to use the proceeds from the credit facility for acquisitions, capital expenditures, and general corporate purposes. This restructured agreement improves the company’s financial flexibility through first-priority liens on assets. Also, the company strengthens its long-term capital structure and maintains its sturdy structural protections for its lending syndicate by replacing prior term loans.

In another event, on March 23, 2026, Truist initiated coverage of Delek Logistics Partners, LP (NYSE:DKL) with a Hold rating and a price target of $57. According to the analyst research note, the company distinguishes itself as a full-service midstream provider in the Permian. Additionally, the firm cited notable equity performance and believes that the stock is fairly valued.

Founded in 2012, Delek Logistics Partners, LP (NYSE:DKL) is a master limited partnership formed by Delek US Holdings. The company has headquarters in Tennessee and owns and operates a diverse portfolio of crude oil, refined products, and natural gas gathering and water management products.

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