v3.25.1
Long-Term Obligations (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments Outstanding borrowings under debt instruments are as follows (in millions):
March 31, 2025December 31, 2024
Delek Term Loan Credit Facility$928.6 $931.0 
Delek Logistics Revolving Facility705.1 435.4 
Delek Logistics 2028 Notes400.0 400.0 
Delek Logistics 2029 Notes1,050.0 1,050.0 
Principle amount of long-term debt3,083.7 2,816.4 
Less: Unamortized discount and premium and deferred financing costs48.4 51.2 
Total debt, net of unamortized discount and premium and deferred financing costs3,035.3 2,765.2 
Less: Current portion of long-term debt9.5 9.5 
Long-term debt, net of current portion$3,025.8 $2,755.7 
Schedule of Line of Credit Facilities
Available capacity and amounts outstanding for each of our revolving credit facilities as of March 31, 2025 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 $— $383.0 $717.0 
October 26, 2027
Delek Logistics Revolving Facility (2)
$1,150.0 $705.1 $— $444.9 
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 0.45% 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 March 31, 2025 and December 31, 2024, the weighted average interest rate was 7.19% and 7.27%, 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.