Delek US Holdings, Inc. — Form 8-K
Filed September 29, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 32/100
What the filing says
Delek US Holdings issued up to $460 million of 0.00% Convertible Senior Notes due November 1, 2031, with initial conversion rate of 11.7219 shares per $1,000 principal, guaranteed by subsidiary guarantors. Notes include special interest provisions if registration fails, conversion features tied to stock price and corporate events, and fundamental change repurchase rights. Trustee is U.S. Bank Trust Company, National Association.
Why this rating
Standard convertible bond issuance. $460M is 38% of $1.2B market cap—material but not transformational. Routine debt financing within corporate practice.
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