Delek Logistics Partners, LP (DKL): debt financing — Delek Logistics enters new $1.3B revolving credit facility, replacing prior credit agreement

Delek Logistics Partners, LP

New $1.3B Revolving Facility with $150M LC subfacility and $50M swingline; replaces $1.0B prior facility.
Maturity date March 26, 2031; accordion feature allows increase up to $525M or 100% EBITDA.
Covenants: total leverage ≤5.25x (5.50x during temporary increase), senior leverage ≤3.75x, interest coverage ≥2.00x.
Borrowings used to repay prior credit agreement, fund working capital, acquisitions, capex, and general corporate purposes.
Truist Bank acts as administrative agent; syndicate includes BofA, Citizens, Huntington, Mizuho, MUFG, Wells Fargo.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Delek Logistics Partners, LP incurred revolving credit of revolving commitments up to $1,300.0 million in the aggregate with a sublimit up to $150.0 million for letters of credit with Truist Bank, as administrative agent, and a syndicate of lenders; Bank of America, N.A., Citizens Bank, N.A., The Huntington National Bank, Mizuho Bank, Ltd., MUFG Bank, Ltd., Wells Fargo Bank, N.A., as co-syndication agents; Barclays Bank PLC, KeyBanc Capital Markets Inc., Regions Bank, as co-docum at base rate plus applicable margin ranging from 0.50% to 1.50% per annum, or term maturing March 31, 2031 (earliest of (i) March 26, 2031, (ii) date 180 days prior to maturity of 8.625% Senior Notes due 2029 if at least $500.0 million outstanding, (ii.

Instrument: revolving credit
Principal: revolving commitments up to $1,300.0 million in the aggregate with a sublimit up to $150.0 million for letters of credit
Counterparty: Truist Bank, as administrative agent, and a syndicate of lenders; Bank of America, N.A., Citizens Bank, N.A., The Huntington National Bank, Mizuho Bank, Ltd., MUFG Bank, Ltd., Wells Fargo Bank, N.A., as co-syndication agents; Barclays Bank PLC, KeyBanc Capital Markets Inc., Regions Bank, as co-docum
Rate: base rate plus applicable margin ranging from 0.50% to 1.50% per annum, or term
Maturity: March 31, 2031 (earliest of (i) March 26, 2031, (ii) date 180 days prior to maturity of 8.625% Senior Notes due 2029 if at least $500.0 million outstanding, (ii
Event: incurrence

Exact text from the filing

agents, and Barclays Bank PLC, KeyBanc Capital Markets Inc. and Regions Bank, as co-documentation agents. The New Credit Agreement provides for revolving commitments up to $1,300.0 million in the aggregate with a sublimit up to $150.0 million for letters of credit and up to $50.0 million for swing line loans (the “Revolving Facility”). The Revolving Facility

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Delek Logistics Partners, LP entered into New Credit Agreement with Truist Bank valued at $1,300.0 million (effective 2026-03-26).

Action: entry
Agreement: credit facility
Counterparty: Truist Bank
Value: $1,300.0 million
Effective: 2026-03-26

Exact text from the filing

On March 26, 2026, Delek Logistics Partners, LP, as the borrower, and certain of its subsidiaries (collectively, the “Partnership” and occasionally referred to herein as “we,” “us” and “our”) entered into a credit agreement (the “New Credit Agreement”) with Truist Bank (“Truist”), as administrative agent

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Delek Logistics Partners, LP filing history →

Source: SEC EDGAR

accession 0001193125-26-129319

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