Delek US Holdings Inc.
Description
Delek US Holdings Inc. has closed on a new $1 billion senior secured revolving ABL credit facility and a $700 million senior secured term loan B. These facilities are expected to simplify the debt structure as they consolidate borrowings at the Delek US Holdings Inc. level, while reducing overall interest expense. Proceeds from these facilities will be used to repay outstanding borrowings under several debt instruments and for other corporate purposes.