secwatch.observer — SEC 8-K summary
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Issuer:     Delek US Holdings, Inc. (DK)
CIK:        0001694426
Form:       8-K
Filed at:   2022-12-29T23:59:59+00:00
Accession:  0001193125-22-314753
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Delek US enters $800M inventory intermediation with Citigroup, replacing J. Aron agreements
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- DK Trading & Supply entered inventory intermediation agreement with Citigroup Energy Inc., providing up to $800M working capital capacity.
- Agreement has initial 24-month term, extendable by Citi for 12 months, effective December 30, 2022.
- Replaces prior supply and offtake agreements with J. Aron & Company LLC, expiring December 30, 2022 without penalty.
- Pledge and security agreement grants Citigroup security interests in crude oil, refined products, and business interruption insurance.
- Amendment to ABL credit agreement includes business interruption insurance as collateral.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1694426/000119312522314753/0001193125-22-314753-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1694426/000119312522314753/d407499d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-314753

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