Delek US prices USD 400 million convertible senior notes offering
Bitget2026/09/25 03:46- 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: 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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