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Prospect News home > News index > List of issuers D > Headlines for Delek Logistics Partners, LP > News item
Published on 5/19/2021 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

S&P gives Delek notes BB-

S&P said it assigned its BB- issue-level rating to master limited partnership Delek Logistics Partners LP's $400 million offering of senior unsecured notes due 2028. The recovery rating is 4, indicating an expectation for average (30%-50%; rounded estimate: 40%) recovery in default.

The ratings are the same as that of Delek’s $250 million of 6¾% senior unsecured notes due 2025.

The partnership intends to use the net proceeds to repay a portion of borrowings under its revolving credit facility.


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