BRENTWOOD, Tenn., Dec 28, 2010 (BUSINESS WIRE) --
Delek US Holdings, Inc. (NYSE: DK), a diversified energy company with
assets in the petroleum refining, marketing, supply and retail
industries, today announced that its wholly-owned subsidiary, MAPCO
Express, Inc., has entered into a five-year, $200 million revolving
credit facility (the "Facility"). The Facility extends and increases the
existing revolver and extinguishes an associated term loan, both of
which would have matured in April 2011.
The Facility is structured to include: (i) a $200 million revolving
credit limit; (ii) a $50 million letter of credit sublimit; and (iii) an
accordion feature which permits an increase in borrowings of up to $275
million, subject to additional lender commitments. The Facility will
mature in December 2015.
The primary purpose of the Facility is to help finance working capital
requirements and the strategic growth of the Company's retail segment.
Uzi Yemin, President and Chief Executive Officer of Delek US, remarked:
"In connection with the ongoing support of our lenders, we have secured
a long-term credit facility for our retail segment. This facility will
provide us with a significant degree of financial flexibility to
accommodate new store construction, store reimaging and strategic
About Delek US Holdings, Inc.
Delek US Holdings, Inc. is a diversified energy business focused on
petroleum refining, the marketing and supply of refined products, the
retail marketing of refined products and the sale of general merchandise
in its retail locations. The refining segment operates a high
conversion, independent refinery, with a design crude distillation
capacity of 60,000 barrels per day, in Tyler, Texas. The marketing and
supply segment markets refined products through its terminals in
Abilene, Texas and San Angelo, Texas as well as other third party
terminals. The retail segment markets gasoline, diesel and other refined
petroleum products and convenience merchandise through a network of
company-operated retail fuel and convenience stores, operated under the
MAPCO Express(R), MAPCO Mart(R), East Coast(R),
Fast Food and Fuel(TM), Favorite Markets(R), Delta Express(R)
and Discount Food Mart(TM) brand names.
SOURCE: Delek US Holdings, Inc.
Delek US Holdings, Inc.
U.S. Investor / Media Relations Contact:
Noel R. Ryan III, 615-435-1356
Director - Head of Investor Relations & Communications