Delek US updates $850M term loan credit facility

Delek US Holdings, Inc. announced an amendment to its term loan credit facility that is expected to close on or around May 15, 2026.

Rhea-AI Filing Summary

Delek US Holdings, Inc. announced an amendment to its term loan credit facility that is expected to close on or around May 15, 2026. After contemplated prepayments, the principal amount of the Term Credit Facility will be $850.0 million. The amendment would extend the facility’s maturity to six years after closing and lower the interest rate to, at the company’s election, either term SOFR plus 300 bps or base rate plus 200 bps, reducing its borrowing cost and lengthening debt duration.

Insights

Credit & Capital Structure Analyst

Delek US refinances key term loan, extending maturity and trimming interest spreads.

Delek US Holdings plans an amendment to its amended and restated term loan credit agreement, leaving a principal balance of $850.0 million. The revised facility would mature six years after the amendment closes, pushing out near-term refinancing pressure.

The company also expects to reduce borrowing costs, with interest set at the company’s option to either term SOFR plus 300 bps or base rate plus 200 bps. This narrows spreads versus typical older structures and may modestly lower ongoing interest expense.

The amendment is expected to close on or around May 15, 2026, subject to customary conditions. Actual benefit will depend on prevailing SOFR and base rates at draw times, as well as any future changes in the company’s leverage profile.

8-K Event Classification

Item 7.01 — Regulation FD Disclosure

1 item

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Key Figures

Term loan principal: $850.0 million SOFR spread: 300 bps over term SOFR Base rate spread: 200 bps over base rate +2 more

5 metrics

Term loan principal $850.0 million Principal amount after amendment and contemporaneous prepayments

SOFR spread 300 bps over term SOFR Interest rate option on amended Term Credit Facility

Base rate spread 200 bps over base rate Alternative interest rate option on amended Term Credit Facility

Maturity extension Six years Maturity measured from amendment closing date

Expected closing date May 15, 2026 Target closing for the term loan amendment

Key Terms

amended and restated term loan credit agreement, Term Credit Facility, term SOFR, base rate, +1 more

5 terms

amended and restated term loan credit agreement financial

"its amended and restated term loan credit agreement (the “Amended and Restated Term Loan Credit Agreement”)"

Term Credit Facility financial

"and the lenders party thereto (the “Term Credit Facility”)"

term SOFR financial

"either (i) term SOFR plus 300 bps or (ii) base rate plus 200 bps"

Term SOFR is a benchmark interest rate that reflects the cost of borrowing money over a specific period, based on actual transactions in the financial markets. It is used by lenders and borrowers to set the interest rates on loans and financial contracts, helping to ensure rates are fair and transparent. For investors, understanding term SOFR helps gauge borrowing costs and the overall direction of interest rates in the economy.

base rate financial

"either (i) term SOFR plus 300 bps or (ii) base rate plus 200 bps"

The base rate is the primary interest rate set by a central authority or used as a benchmark for pricing loans, savings and other financial products. Think of it as the anchor in a floating system: when the base rate moves, borrowing costs, corporate financing and consumer spending tend to shift too, which can change company profits and investor returns across the market.

forward-looking statements regulatory

"This on contains “forward-looking statements,” including with respect to the expected timing and terms of the Amendment"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

What change did Delek US Holdings (DK) make to its term loan facility?

Delek US Holdings plans to amend its term loan credit facility, leaving a principal balance of $850.0 million. The amendment extends the loan’s maturity to six years after closing and reduces interest spreads, potentially lowering future borrowing costs.

How much debt is outstanding under Delek US Holdings’ amended term loan?

After the amendment and related prepayments, Delek US Holdings expects the principal amount of its Term Credit Facility to be $850.0 million. This figure reflects the loan balance contemplated to remain once the amendment is consummated and prepayments are applied.

What interest rates will apply to Delek US Holdings’ amended term loan?

Under the amendment, interest on the term loan will be, at Delek US Holdings’ election, either term SOFR plus 300 basis points or base rate plus 200 basis points. This structure gives the company flexibility to choose between SOFR-based or base-rate-based pricing.

When is Delek US Holdings’ term loan amendment expected to close?

The company states that the amendment to its Term Credit Facility is expected to close on or around May 15, 2026. The closing remains subject to customary conditions, meaning final completion depends on standard contractual and administrative steps.

How does the amendment affect the maturity of Delek US Holdings’ term loan?

The amendment would extend the maturity of the Term Credit Facility to six years after the closing date of the amendment. This pushes the loan’s final repayment date further out, reducing near-term refinancing needs for the company’s term debt.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/08/2026 - 04:30 PM Learn about SEC filing dates

false 0001694426 0001694426 2026-05-08 2026-05-08

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

May 8, 2026

Date of Report (Date of earliest event reported)

DELEK US HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-38142				35-2581557
(State or other jurisdiction of incorporation)		(Commission File Number)				(IRS Employer Identification No.)

310 Seven Springs Way, Suite 500		Brentwood		Tennessee		37027
(Address of Principal Executive)						(Zip Code)

(615) 771-6701

(Registrant’s telephone number, including area code)

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.01 par value		DK		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD.

On May 8, 2026, Delek US Holdings, Inc. (the “Company”) announced that it has allocated and priced an amendment (the “Amendment”) to its amended and restated term loan credit agreement (the “Amended and Restated Term Loan Credit Agreement”) with Wells Fargo Bank, National Association, as administrative agent, the Company, as borrower, and the lenders party thereto (the “Term Credit Facility”). The Amendment is expected to close on or around May 15, 2026, subject to customary closing conditions.

The Amendment would extend the maturity of the Term Credit Facility to six years following the closing date of the Amendment, and reduce the rate of interest on borrowings to, at the Company’s election, to either (i) term SOFR plus 300 bps or (ii) base rate plus 200 bps. The principal amount of the Term Credit Facility after giving effect to the Amendment and contemplated prepayments to be made contemporaneously with the consummation of the Amendment will be $850.0 million.

The information provided in this Item 7.01 shall be deemed “furnished” and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference in any filing made by the Company pursuant to the Securities Act of 1933, as amended (the “Securities Act”), except to the extent that such filing incorporates by reference any or all of such information by express reference thereto.

Cautionary Note on Forward-Looking Statements

This Current Report on Form 8-K contains “forward-looking statements,” including with respect to the expected timing and terms of the Amendment to the Term Credit Facility, that are subject to risks and uncertainties, and actual results might differ materially. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control. The actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including, but not limited to, market risks and uncertainties. These and other potential risks and uncertainties that could cause actual results to differ from the target metrics are more fully detailed in the Company’s filings and reports with the Securities and Exchange Commission (“SEC”), including the Annual Report on Form 10-K for the year ended December 31, 2025, the Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026 and other reports and filings with the SEC.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: May 8, 2026						DELEK US HOLDINGS, INC.
						/s/ Mark Hobbs
						Name:		Mark Hobbs
						Title:		Executive Vice President and Chief Financial Officer
								(Principal Financial Officer)

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 17.6 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.0 KB