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Delek US prices USD 400 million convertible senior notes offering

PUBT·09/25/2026 03:46:16
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Delek US prices USD 400 million convertible senior notes offering
  • Delek US priced a private offering of USD 400 million of 0.00% convertible senior notes due 2031.
  • Deal includes a 13-day option for initial purchasers to buy up to an additional USD 60 million of notes.
  • Proceeds earmarked for capped call transactions, general corporate purposes, and partial repayment of the term loan credit facility.
  • Notes convert initially at 11,722 shares per USD 1,000 principal, implying an initial conversion price of about USD 85.31.
  • Closing expected Sept. 29, 2026, subject to customary 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 Business Wire (Ref. ID: 20260924386580) on September 25, 2026, and is solely responsible for the information contained therein.