Delek US refinances term loan, reduces balance to $850M, extends maturity to 2032

Delek US Holdings, Inc.

Outstanding term loans reduced to $850M after refinancing; existing facility amended on May 15, 2026.
Maturity extended to six years from closing (2032); interest rate cut to SOFR+300bps or base+200bps.
MUFG Bank appointed administrative agent; U.S. Bank Trust as collateral agent, replacing Wells Fargo.
MUFG provided $337.4M additional commitment; existing lenders converted loans via cashless election.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Delek US Holdings, Inc. amended Amendment No. 1 with Wells Fargo Bank, National Association, MUFG Bank, Ltd., U.S. Bank Trust Company, National Association valued at $850.0 million (effective 2026-05-15).

Action: amendment
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association, MUFG Bank, Ltd., U.S. Bank Trust Company, National Association
Value: $850.0 million
Effective: 2026-05-15

Exact text from the filing

On May 15, 2026 (the “Closing Date”), Delek US Holdings, Inc. (the “Company”) closed the previously announced amendment (“Amendment No. 1”) to the Amended and Restated Term Loan Credit Agreement, dated as of November 18, 2022 (the “Existing Term Credit Facility", and as amended by Amendment No. 1, the “Term Credit Facility”), by and among the Company, as borrower, certain subsidiaries of the Company, as guarantors, the lenders party thereto, and Wells Fargo Bank, National Association, as administrative agent and collateral agent for the lenders prior to giving effect to Amendment No. 1.

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Delek US Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-227267

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