Company: DK
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001694426-25-000060
Chunk: 77

Company: Delek US Holdings, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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 liabilities (or receivables) on our condensed consolidated balance sheets.Gains (losses) related to changes in fair value due to commodity-index price are recorded as a component of cost of materials and other in the  condensed consolidated statements of income. With respect to the repurchase obligation, we recognized gains (losses) attributable to changes in fair value due to commodity-index price totaling $3.3 million and $(81.8) million during the three months ended March 31, 2025 and 2024, respectively. See Note 12 for discussion of gains and losses recognized from changes in fair value.

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Notes to Condensed Consolidated Financial Statements (unaudited)

10. Long-Term Obligations

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

March 31, 2025December 31, 2024Delek Term Loan Credit Facility$928.6 $931.0 Delek Logistics Revolving Facility705.1 435.4 Delek Logistics 2028 Notes400.0 400.0 Delek Logistics 2029 Notes1,050.0 1,050.0 Principle amount of long-term 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