Delek US plans USD 400 million convertible senior notes offering
Bitget2026/09/29 21:25- 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: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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