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Long-Term Obligations (Tables)
 3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Outstanding borrowings under debt instruments are as follows (in millions):
March 31, 2023December 31, 2022
Delek Revolving Credit Facility$150.0 $450.0 
Delek Term Loan Credit Facility947.6 950.0 
Delek Logistics Revolving Facility770.6 720.5 
Delek Logistics Term Loan Facility296.3 300.0 
Delek Logistics 2025 Notes 250.0 250.0 
Delek Logistics 2028 Notes400.0 400.0 
United Community Bank Revolver25.0 50.0 
Principle amount of long-term debt2,839.5 3,120.5 
Less: Unamortized discount and deferred financing costs(64.5)(66.8)
Total debt, net of unamortized discount and deferred financing costs2,775.0 3,053.7 
Less: Current portion of long-term debt49.5 74.5 
Long-term debt, net of current portion$2,725.5 $2,979.2 
Schedule of Line of Credit Facilities
Available capacity and amounts outstanding for each of our revolving credit facilities as of March 31, 2023 are shown below (in millions):
Total Capacity
Outstanding Borrowings
Outstanding Letters of Credit
Available Capacity
Maturity Date
Delek Revolving Credit Facility(1)
$1,100.0 $150.0 $238.6 $711.4 
October 26, 2027
Delek Logistics Revolving Facility(2)
900.0 770.6 — 129.4 
October 13, 2027
United Community Bank Revolver(3)
50.0 25.0 — 25.0 
June 30, 2023
(1) Total Capacity includes letters of credit up to $500.0 million. This facility requires a quarterly unused commitment fee based on average commitment usage, currently at 0.30% per annum. Interest is measured at either the SOFR, base rate, or Canadian dollar bankers’ acceptances rate (“CDOR”), plus an applicable margin of 0.25% to 0.75% per annum with respect to base rate borrowings or 1.25% to 1.75% per annum with respect to SOFR and CDOR. As of March 31, 2023 and December 31, 2022, the weighted average interest rate was 6.31% and 5.67%, respectively.

(2) Total Capacity includes letters of credit up to $115.0 million and $25.0 million for swing line loans. This facility requires a quarterly unused commitment fee based on average commitment usage, currently at 0.50% per annum. Interest is measured at either the U.S. dollar prime rate plus an applicable margin of 1.00% to 2.00% depending on Delek Logistics’ leverage ratio, or a SOFR rate plus a credit spread adjustment of 0.10% to 0.25% and an applicable margin ranging from 2.00% to 3.00% depending on the leverage ratio. As of March 31, 2023 and December 31, 2022, the weighted average interest rate was 7.57% and 7.55%, respectively.
(3) Requires a quarterly fee of 0.50% per year on the average unused revolving commitment. The weighted average borrowing rate as of March 31, 2023 and December 31, 2022 was 7.00% and 6.75%, respectively.