false0001694426 0001694426 2019-11-12 2019-11-12


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
November 12, 2019
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.)
 
DELEKGLOBEA01.JPG
 
 
 
 
 
7102 Commerce Way
Brentwood
Tennessee
37027
(Address of Principal Executive)
 
 
(Zip Code)
(615771-6701
(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 (see General Instruction A.2 below):
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 1.01 Entry into a Material Definitive Agreement.
On November 12, 2019, Delek US Holdings, Inc. (the “Company”), as borrower, entered into an amendment to its senior secured term loan facility (the “Term Loan Credit Facility”) pursuant to the terms of the Second Incremental Amendment to Term Loan Credit Agreement (the “Incremental Amendment”) to the Term Loan Credit Agreement, dated as of March 30, 2018 (as amended, the “Term Loan Credit Agreement”), by and among the Company, as borrower, the lenders from time to time party thereto and Wells Fargo Bank, National Association, as administrative agent. Pursuant to the Incremental Amendment, the Company borrowed $150 million in aggregate principal amount of incremental term loans (the “Incremental Term Loans”).
Borrowings under the Incremental Amendment are determined at the Company’s election, at LIBOR or at base rate, in each case, plus an applicable margin. The other terms of the Incremental Term Loans are substantially identical to the terms applicable to the initial term loans under the Term Loan Credit Facility borrowed in March 2018 and the incremental term loans borrowed in May 2019. The Company will use the proceeds of the Incremental Term Loans (i) for general corporate purposes (including growth capital expenditures) and (ii) to pay transaction fees and expenses.
The foregoing description of the Incremental Amendment does not purport to be complete and is qualified in its entirety by reference to the Incremental Amendment, a copy of which is filed as Exhibit 10.1 hereto and is incorporated by reference herein.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The description of the Incremental Amendment and the Incremental Term Loans provided above under Item 1.01 are incorporated by reference in this Item 2.03.
Item 9.01    Financial Statements and Exhibits.

(a)
Financial statements of businesses acquired.

Not applicable.

(b)
Pro forma financial information.

Not applicable.

(c)
Shell company transactions.

Not applicable.

(d)
Exhibits.







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: November 15, 2019
DELEK US HOLDINGS, INC


 
 
 
/s/ Assaf Ginzburg
 
Name: Assaf Ginzburg
 
Title: Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer) 



Delek US (NYSE:DK)
Historical Stock Chart
From Aug 2024 to Sep 2024 Click Here for more Delek US Charts.
Delek US (NYSE:DK)
Historical Stock Chart
From Sep 2023 to Sep 2024 Click Here for more Delek US Charts.