Delek US amends Inventory Intermediation Agreement with Citi; extends term and boosts deferral capacity to $250M

Delek US Holdings, Inc.

Term extended from December 30, 2024 to January 31, 2026.
Citi's unilateral extension option reduced from 12 months to 6 months.
Payment deferral mechanism increased from $70 million to $250 million.
Storage tank information updated under the agreement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.92

Delek US Holdings, Inc. amended Amendment to the Inventory Intermediation Agreement with Citigroup Energy Inc. valued at $250 million (effective 2023-12-21).

Action: amendment
Agreement: credit facility
Counterparty: Citigroup Energy Inc.
Value: $250 million
Effective: 2023-12-21

Exact text from the filing

☐ Item 1.01 Entry into a Material Definitive Agreement Amendment to the Inventory Intermediation Agreement On December 21, 2023, DK Trading & Supply, LLC (“DKTS”), an indirect subsidiary of Delek US Holdings, Inc.

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Delek US Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001694426-23-000115

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