Delek US Expands and Extends Revolving Credit Facility

The latest update is out from Delek US Holdings ( (DK) ).

On April 9, 2026, Delek US Holdings, Inc. amended its existing asset-based revolving credit facility, increasing total revolving loan commitments from $1.1 billion to $1.25 billion and extending the facility’s maturity from October 26, 2027 to April 9, 2031, subject to a potential earlier springing maturity tied to its term loan. The amendment also reduces interest rate margins on the revolver by 0.25%, loosens and adjusts certain covenant thresholds and reporting requirements, and permits additional incremental revolving capacity based on a formula tied to a $750 million cap, 100% of EBITDA, or adjusted availability, while maintaining secured first-priority liens and customary financial covenants that are now tested quarterly.

These changes collectively enhance Delek US Holdings’ liquidity profile and flexibility to access additional revolving borrowings, while preserving lender protections through a minimum fixed charge coverage ratio test that is triggered when availability falls below specified thresholds. For stakeholders, the longer tenor, larger commitment, and slightly lower borrowing costs strengthen the company’s capital structure and provide greater support for ongoing operational and financing needs in its asset-intensive energy business.

The most recent analyst rating on (DK) stock is a Hold with a $48.00 price target. To see the full list of analyst forecasts on Delek US Holdings stock, see the DK Stock Forecast page.

Spark’s Take on DK Stock

According to Spark, TipRanks’ AI Analyst, DK is a Neutral.

The score is held back primarily by weak and volatile underlying financial performance (thin/negative profitability and leverage/ROE concerns), partially offset by strong technical momentum and a notably positive earnings-call setup (higher optimization targets, balance-sheet interest savings, and solid DKL guidance). Valuation is mixed given a moderate dividend but negative P/E tied to weak earnings.

To see Spark’s full report on DK stock, click here.

More about Delek US Holdings

Delek US Holdings, Inc. is an energy company operating in the downstream sector, with activities that typically include refining, logistics, and related fuel products and services. The company uses asset-based lending facilities and secured credit arrangements to support working capital needs and broader financing for its operations across its subsidiaries.

Average Trading Volume: 1,587,612

Technical Sentiment Signal: Buy

Current Market Cap: $2.46B

For an in-depth examination of DK stock, go to TipRanks’ Overview page.