Company: DK
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001694426-25-000013
Chunk: 61

Company: Delek US Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 61
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There are no "rating triggers" in any of our contractual debt obligations that would accelerate scheduled maturities should our debt rating fall below a specified level. However, a downgrade could adversely impact our interest rate on new credit facility borrowings and the ability to economically access debt markets in the future. Additionally, any rating downgrades may increase the likelihood of us having to post additional letters of credit or cash collateral under certain contractual arrangements.

Capital Spending 

A key component of our long-term strategy is our capital expenditure program.  The following table summarizes our actual capital expenditures for the year ended December 31, 2024, by operating segment and major category (in millions):

2025 ForecastYear Ended December 31, 2024 Actual (1) (2)RefiningRegulatory$28 $40.0 Sustaining maintenance, including turnaround activities113 205.1 Growth projects— 21.0 Refining segment total141 266.1 LogisticsRegulatory7 1.9 Sustaining maintenance12 10.7 Growth projects216 31.9 Logistics segment total235 44.5 Corporate and OtherRegulatory2 0.1 Sustaining maintenance14 24.1 Growth projects 13 2.4 Other total29 26.6 Total capital spending$405 $337.2 

(1) Excludes $95.5 million related to the new Delek Logistics natural gas processing plant. Refer to 'Other 2024 Developments' section of Item 7. Management's Discussion and Analysis of this Annual Report on Form 10-K for further information.

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Management's Discussion and Analysis

(2) Excludes a $10.0 million land purchase in connection with a settlement that was in litigation related to a property that we historically operated as an asphalt and marine fuel terminal. Refer to Note 14 of the consolidated financial statements included in Item 8. Financial Statements and Supplementary Data, of this Annual Report on Form 10-K for further information.

The amount of our capital expenditure forecast is subject to change due to unanticipated increases in the cost, scope and completion time for our capital projects and subject to the changes and uncertainties discussed under the 'Forward-Looking Statements' section of Item 7. Management's Discussion and Analysis of this Annual Report on Form 10-K.  For further information, please refer to our discussion in Item 1A. Risk Factors, of