
Loan & DebtApr 10, 2026, 04:12 PM
Delek US Increases Revolving Loan to $1.25B, Extends Maturity to 2031
AI Summary
Delek US Holdings, Inc. amended its existing credit agreement, increasing its revolving loan commitments by $150 million to $1.25 billion. The amendment also extends the maturity date of the Revolving Facility by over three years to April 9, 2031, and reduces the applicable interest rate margins by 0.25%. These modifications enhance the company's financial flexibility and liquidity while lowering borrowing costs.
Key Highlights
- Revolving loan commitments increased from $1.1 billion to $1.25 billion.
- Maturity date extended from October 26, 2027, to April 9, 2031.
- Interest rate margins applicable to the Revolving Facility reduced by 0.25%.
- Incremental facility increased to the greatest of $750 million or 100% of EBITDA.