---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-407833"
form_type: "8-K"
ticker: "DK"
cik: "0001694426"
company_name: "Delek US Holdings, Inc."
filed_at: "2026-09-29T21:24:46+00:00"
generated_at: "2026-10-12T13:54:12.019935+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Delek US prices $460M 0.00% convertible notes due 2031 at $85.31 conversion price, 27.5% premium

## Summary
- $400M base offering plus full exercise of the $60M initial-purchaser option; notes mature Nov 1, 2031, bear 0.00% regular interest and do not accrete.
- Initial conversion price ~$85.31/share (11.7219 shares per $1,000), a 27.5% premium to the $66.91 NYSE close on Sept 24, 2026; up to 6,874,884 shares issuable.
- Net proceeds $449.1M; a portion funds capped calls costing ~$34.3M with a $117.09 cap (75% premium), remainder for general purposes including partial Term Loan Credit Facility repayment.
- Company may not redeem before Nov 6, 2029; cleanup redemption allowed if under 10% of notes remain outstanding; holders may demand repurchase at 100% on a fundamental change.
- Initial purchasers represented by Mizuho, Wells Fargo and Truist; offering closed Sept 29, 2026, notes guaranteed by subsidiary guarantors of the term loan and revolver.

## SEC filing metadata
- accession: 0001193125-26-407833
- form_type: 8-K
- ticker: DK
- cik: 0001694426
- company_name: Delek US Holdings, Inc.
- filed_at: 2026-09-29T21:24:46+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1694426/000119312526407833/0001193125-26-407833-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1694426/000119312526407833/d133400d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-407833
- JSON: https://secwatch.observer/filing/0001193125-26-407833.json
- Plain text: https://secwatch.observer/filing/0001193125-26-407833.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.