Loan & DebtMay 8, 2026, 04:37 PM
Delek US Holdings Amends Term Loan, Extends Maturity, Reduces Rate
AI Summary
Delek US Holdings, Inc. announced an amendment to its amended and restated term loan credit agreement, which is expected to close around May 15, 2026. The amendment will extend the maturity of the Term Credit Facility to six years and reduce the interest rate on borrowings. Following contemplated prepayments, the principal amount of the facility will be $850.0 million.
Key Highlights
- Delek US Holdings announced an amendment to its amended and restated term loan credit agreement.
- The amendment is expected to close on or around May 15, 2026.
- The maturity of the Term Credit Facility will be extended to six years following the closing date.
- Interest rate on borrowings will be reduced to term SOFR plus 300 bps or base rate plus 200 bps.
- The principal amount of the Term Credit Facility will be $850.0 million after prepayments.