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Stock impact report

Delek US Announces Settlement and Conversion of $150 million of Senior Notes

Delek US Holdings, Inc. (DK) 
Last delek us holdings, inc. earnings: 2/25 04:15 pm Check Earnings Report
US:NYSE Investor Relations: delekus.gcs-web.com/investor-overview
Company Research Source: GlobeNewswire
BRENTWOOD, Tenn., Sept. 18, 2018 (GLOBE NEWSWIRE) -- Delek US Holdings, Inc. (NYSE: DK) (“Delek US”) announced today that it paid $150 million in cash for the principal amount and issued 2,692,218 shares of its common stock upon the conversion of the 3.00% convertible senior notes due 2018 (the “Notes”). The issuance of shares related to this conversion was offset by a hedge that was in place resulting in no dilution to Delek US from the Notes. Delek US acquired the Notes from Alon USA Energy, Inc. (“Alon”) when Delek US acquired Alon in July 2017. The Notes became convertible into Delek US shares pursuant to the Supplemental Indenture entered into between Delek US and U.S. Bank National Association, as trustee. Delek US paid $1,000 in cash for every $1,000 in principal amount of the Notes for a total payment of $150 million to the holders of the Notes. Delek also made a cash payment to the holders of the Notes for accrued interest on the Notes, cash in lieu of fractional share Show less Read more
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