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Delek US plans USD 400 million convertible senior notes offering

PUBT·09/29/2026 21:25:56
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Delek US plans USD 400 million convertible senior notes offering
  • Delek US Holdings launched a private offering of USD 400 million convertible senior notes due 2031.
  • Deal includes an option for initial purchasers to buy up to an additional USD 60 million of notes.
  • Net proceeds earmarked for capped call transactions, general corporate purposes, partial repayment of the term loan credit facility.
  • Notes mature Nov. 1, 2031; conversion settled in cash or shares at Delek’s election.
  • Redemption barred before Nov. 6, 2029, except for a cleanup redemption under specified conditions.


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 US Holdings Inc. 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: 0001193125-26-407833), on September 29, 2026, and is solely responsible for the information contained therein.