Delek US Holdings, Inc.: Incremental term loan B does not impact ratings
Delek's (Ba3 stable) ratings and outlook are not affected by the $150mm incremental term loan B to debt finance its Permian gathering activities and Wink to Webster pipeline investment.Delek US Holdings is a holding company. Through its subsidiaries, the company is engaged in the downstream energy business focused on petroleum refining, the transportation, storage and wholesale distribution of crude oil, intermediate and refined products and convenience store retailing. The company's segments are: refining, which processes crude oil and other feedstocks for the manufacture of transportation motor fuels; logistics, which gathers, transports and stores crude oil and markets, distributes, transports and stores refined products; and retail, which includes the operations of Alon USA Energy, Inc.'s convenience store sites located primarily in central and West Texas and New Mexico.
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