Company: DK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050541
Chunk: 34

Company: Delek US Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 respectively. See Note 12 for discussion of gains and losses recognized from changes in fair value.

24 |

Notes to Condensed Consolidated Financial Statements (unaudited)

10. Long-Term Obligations

 Outstanding borrowings under debt instruments are as follows (in millions):

September 30, 2025December 31, 2024Delek Term Loan Credit Facility$923.9 $931.0 Delek Logistics Revolving Facility156.9 435.4 Delek Logistics 2028 Notes400.0 400.0 Delek Logistics 2029 Notes1,050.0 1,050.0 Delek Logistics 2033 Notes700.0 — Principal amount of long-term debt3,230.8 2,816.4 Less: Unamortized discount and premium and deferred financing costs53.5 51.2 Total debt, net of unamortized discount and premium and deferred financing costs3,177.3 2,765.2 Less: Current portion of long-term debt9.5 9.5 Long-term debt, net of current portion$3,167.8 $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 September 30, 2025, and December 31, 2024, the weighted average borrowing rate was approximately 7.19% and 7.44%, respectively. The effective interest rate was 8.36% as of September 30, 2025. Available capacity and amounts outstanding for each of our revolving credit facilities as of September 30, 202