Delek Logistics Partners LP (NYSE:DKL) shares are trading lower by 12% to $39.30 Wednesday afternoon announced the pricing of its public offering of 3.85 million common units at $39.00 per unit.

What Else: The offering is part of a previously filed shelf registration with the SEC, and Delek Logistics has also granted underwriters a 30-day option to purchase an additional 576,922 units. The company plans to use the proceeds to redeem its convertible preferred units and repay debt.

Following the offering, Delek US Holdings Inc’s (NYSE:DK) ownership stake in Delek Logistics will decrease from 70.4% to 65.2%. Executives, including CEO Avigal Soreq, may purchase up to $300,000 worth of units. The offering is set to close on October 10.

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How To Buy DKL Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Delek Logistics Partners’ case, it is in the Energy sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, DKL has a 52-week high of $53.80 and a 52-week low of $37.02.