XML 101 R51.htm IDEA: XBRL DOCUMENT v3.25.0.1
Long-Term Obligations (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments Outstanding borrowings under debt instruments are as follows (in millions):
December 31, 2024December 31, 2023
Delek Term Loan Credit Facility$931.0 $940.5 
Delek Logistics Revolving Facility435.4 780.5 
Delek Logistics Term Loan Facility— 281.3 
Delek Logistics 2025 Notes — 250.0 
Delek Logistics 2028 Notes400.0 400.0 
Delek Logistics 2029 Notes1,050.0 — 
United Community Bank Revolver— 5.0 
Principle amount of long-term debt2,816.4 2,657.3 
Less: Unamortized discount and premium and deferred financing costs51.2 57.5 
Total debt, net of unamortized discount and premium and deferred financing costs2,765.2 2,599.8 
Less: Current portion of long-term debt9.5 44.5 
Long-term debt, net of current portion$2,755.7 $2,555.3 
Schedule of Line of Credit Facilities
Available capacity and amounts outstanding for each of our revolving credit facilities as of December 31, 2024 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 $— $330.5 $769.5 
October 26, 2027
Delek Logistics Revolving Facility (2)
$1,150.0 $435.4 $— $714.6 
October 13, 2027
United Community Bank Revolver (3)
$25.0 $— $— $25.0 
June 30, 2026
(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.
(2) Total capacity includes letters of credit up to $146.9 million and $31.9 million for swing line loans. This facility requires a quarterly unused commitment fee based on average commitment usage, currently at 0.40% 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 Delek Logistics’ leverage ratio. As of December 31, 2024 and December 31, 2023, the weighted average interest rate was 7.27% and 8.46%, respectively.
(3) Interest is measured as a variable rate equal to the Wall Street Journal Prime Rate minus 0.50%. Requires a quarterly fee of 0.25% per year on the average unused revolving commitment. The weighted average borrowing rate as of December 31, 2023 was 7.75%. There were no outstanding borrowings as of December 31, 2024.
Schedule of Maturities of Long-Term Debt
Principal maturities of Delek's third-party debt instruments for the next five years and thereafter are as follows (in millions):
Year Ended December 31,Total
2025$9.5 
20269.5 
2027444.9 
2028409.5 
20291,943.0 
Thereafter— 
Total$2,816.4