Delek US Holdings, Inc. 8-K

What Happened
Delek US Holdings, Inc. announced on May 8, 2026 that it has allocated and priced an amendment to its amended and restated term loan credit agreement (the “Term Credit Facility”) with Wells Fargo Bank, N.A. as administrative agent. The Amendment is expected to close on or around May 15, 2026, subject to customary closing conditions, and would extend the facility’s maturity to six years following the Amendment’s closing date. After the Amendment and contemplated contemporaneous prepayments, the principal amount of the Term Credit Facility will be $850.0 million. The Amendment also reduces the interest rate on borrowings to, at the company’s election, either (i) term SOFR plus 300 basis points or (ii) base rate plus 200 basis points.

Key Details

• Amendment allocated and priced; expected to close on or about May 15, 2026, subject to customary closing conditions.
• New maturity: six years from the closing date of the Amendment.
• New interest options (company’s election): term SOFR + 300 bps or base rate + 200 bps.
• Principal amount after Amendment and contemplated prepayments: $850.0 million; administrative agent: Wells Fargo Bank, N.A.

Why It Matters
This change extends the company’s debt maturity profile, which should reduce near-term refinancing pressure on the Term Credit Facility. The lower spread options on borrowing (SOFR+300 bps or base+200 bps) can reduce interest costs compared with prior terms depending on the company’s rate election and market rates. Investors should note the amendment is subject to closing conditions and that the filing reflects a financing update rather than operating results.