Delek US plans $460 million convertible senior notes offering due 2031
DK•Delek US Holdings announced a private offering of $400 million in convertible senior notes due 2031, with an option for initial purchasers to buy up to $60 million more. Proceeds are earmarked for capped call transactions and general corporate purposes, including partial repayment of term loan borrowings.
1. Offering details
The notes mature Nov. 1, 2031. Initial purchasers have a 13-day option to buy up to an additional $60 million of notes. Redemption is barred before Nov. 6, 2029, except for a cleanup redemption.
