Delek Logistics Partners signs $1.3 billion revolving credit agreement; letter-of-credit sublimit rises to $150 million

Reuters03-28
<a href="https://laohu8.com/S/DKL">Delek Logistics Partners</a> signs $1.3 billion revolving credit agreement; letter-of-credit sublimit rises to $150 million
  • Delek Logistics entered into a new credit agreement with Truist as administrative agent and a syndicate of lenders, including Bank of America, Citizens, Huntington, Mizuho, MUFG and Wells Fargo.
  • The agreement provides a revolving facility of up to USD 1.3 billion, including a USD 150.0 million letter-of-credit sublimit.
  • The facility also includes up to USD 50.0 million for swing line loans and has an accordion feature to increase commitments by up to the greater of USD 525.0 million or 100% of EBITDA.
  • Borrowings accrue interest at either a base rate plus a margin of 0.5% to 1.5% or term SOFR plus a margin of 1.5% to 2.5%.
  • Delek Logistics repaid all outstanding debt under its prior credit agreement using borrowings under the new facility, terminating the prior agreement.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Delek Logistics Partners LP published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-129319), on March 27, 2026, and is solely responsible for the information contained therein.

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