** Shares of Delek Logistics Partners down 8.2% at $41 in extended trading as co looks to raise equity

** Tennessee-based midstream master limited partnership $(MLP)$ commences $150 mln common units offering

** BofA, Barclays and RBC jt bookrunners

** DKL intends to use net proceeds to redeem its outstanding convertible preferred units and pay down its revolver

** CEO Avigal Soreq and certain other executives indicated interest to buy up to $300 mln of offering

** Its parent, oil refiner Delek US Holdings , has 70.4% limited partnership interest in DKL, per the SEC filing

** The MLP has ~47 mln common units outstanding for $2.1 bln market cap

** DKL's stock on Tues closed down 0.6% at $44.67. Shares up 3.5% YTD, including ~16% gain over past 6 months

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))