Company: DK
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001694426-25-000060
Chunk: 175

Company: Delek US Holdings, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 175
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 debt3,083.7 2,816.4 Less: Unamortized discount and premium and deferred financing costs48.4 51.2 Total debt, net of unamortized discount and premium and deferred financing costs3,035.3 2,765.2 Less: Current portion of long-term debt9.5 9.5 Long-term debt, net of current portion$3,025.8 $2,755.7 Delek Term Loan Credit FacilityOn November 18, 2022, Delek entered into an amended and restated term loan credit agreement (the "Delek Term Loan Credit Facility") providing for a senior secured term loan facility with an initial principal of $950.0 million at a discount of 4.00%. This senior secured facility allows for $400.0 million in incremental loans subject to certain restrictions. Repayment terms include quarterly principal payments of $2.4 million with the balance of principal due on November 19, 2029. At Delek’s option, borrowings bear interest at either the Adjusted Term Secured Overnight Financing Rate ("SOFR") or base rate as defined by the agreement, plus an applicable margin of 2.50% per annum with respect to base rate borrowings and 3.50% per annum with respect to SOFR borrowings. At March 31, 2025 and December 31, 2024, the weighted average borrowing rate was approximately 7.42% and 7.44%, respectively. The effective interest rate was 8.62% as of March 31, 2025. Available capacity and amounts outstanding for each of our revolving credit facilities as of March 31, 2025 are shown below (in millions):Total CapacityOutstanding BorrowingsOutstanding Letters of CreditAvailable CapacityMaturity DateDelek Revolving Credit Facility (1)$1,100.0 $— $383.0 $717.0 October 26, 2027Delek Logistics Revolving Facility (2)$1,150.0 $705.1 $— $444.9 October 13, 2027United Community Bank Revolver (3)$25.0 $— $— $25.0 June 30, 2026(1) Total capacity includes letters of credit up to $500.0 million. This facility requires a quarterly unused commitment fee based on average commitment