Company: DK
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001694426-25-000013
Chunk: 268

Company: Delek US Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 15
Chunk 268
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 Obligations

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

December 31, 2024December 31, 2023Delek Term Loan Credit Facility$931.0 $940.5 Delek Logistics Revolving Facility435.4 780.5 Delek Logistics Term Loan Facility— 281.3 Delek Logistics 2025 Notes — 250.0 Delek Logistics 2028 Notes400.0 400.0 Delek Logistics 2029 Notes1,050.0 — United Community Bank Revolver— 5.0 Principle amount of long-term debt2,816.4 2,657.3 Less: Unamortized discount and premium and deferred financing costs51.2 57.5 Total debt, net of unamortized discount and premium and deferred financing costs2,765.2 2,599.8 Less: Current portion of long-term debt9.5 44.5 Long-term debt, net of current portion$2,755.7 $2,555.3 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 December 31, 2024 and December 31, 2023, the weighted average borrowing rate was approximately 7.44% and 8.96%, respectively. The effective interest rate was 8.64% as of December 31, 2024. Delek Logistics Term Loan FacilityOn October 13, 2022, Delek Logistics entered into a senior secured term loan with an original principal of $300.0 million (the "Delek