Reported Earlier, Delek US Holdings Prices $400M Convertible Senior Notes Due 2031, Plans Partial Term Loan Repayment
Opportunistic capital raise with proceeds used to enhance financial flexibility will include the partial repayment of amounts outstanding under the Term Loan Credit Facility A portion of the proceeds to be used to
Delek is borrowing $400 million by selling special bonds that can turn into stock later. They plan to use the money to pay down other debts and have more cash choices.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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