UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 19, 2007
DELEK US HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Delaware 001-32868 52-2319066
(State or other (Commission File Number) (IRS Employer
jurisdiction Identification No.)
of incorporation)
7102 Commerce Way
Brentwood, Tennessee 37027
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (615) 771-6701
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2 below):
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
On December 19, 2007, Delek Marketing & Supply, LP ("Delek Marketing LP"),
a wholly-owned subsidiary of Delek US Holdings, Inc. ("Delek US"), entered into
an amended and restated $75,000,000 revolving credit facility with Fifth Third
Bank as administrative agent (the "Amended Fifth Third Revolver"). The Amended
Fifth Third Revolver matures on December 19, 2012, and bears interest based on
predetermined pricing grids that allow the Company to choose between a "Base
Rate" or "Eurodollar" loan. Interest is payable quarterly for Base Rate loans
and for the applicable interest period on Eurodollar loans. The Amended Fifth
Third Revolver is secured by all assets of Delek Marketing LP. The Amended Fifth
Third Revolver is guaranteed by Delek Marketing GP, LLC, the general partner of
Delek Marketing LP and a wholly-owned subsidiary of Delek US, and Delek
Marketing & Supply, Inc., the limited partner of Delek Marketing LP and
wholly-owned subsidiary of Delek US. The Amended Fifth Third Revolver amends and
replaces the $50,000,000 revolving credit facility executed on July 31, 2006
between Delek Marketing LP as borrower and Fifth Third Bank as administrative
agent (the "Original Fifth Third Revolver"). The obligations of Delek Marketing
LP under the Original Fifth Third Revolver were guaranteed by Delek US. Under
the Amended Fifth Third Revolver, this guarantee has been terminated.
Item 8.01 Other Events
MAPCO Express, Inc. ("MAPCO"), a wholly-owned subsidiary of Delek US, has
begun offering E10, a blend of 10% Ethanol and 90% conventional gasoline, at
approximately 180 of its unbranded retail fuel and convenience stores in
Tennessee. MAPCO will continue to pursue opportunities for ethanol blending for
the remainder of its retail fuel and convenience stores. In addition, Delek
Refining, Ltd., a wholly-owned subsidiary of Delek US, expects to begin offering
E10 at its Tyler, Texas refinery beginning January 1, 2008.
Item 9.01. Financial Statements and Exhibits
(a) Financial statements of businesses acquired.
Not Applicable.
(b) Pro forma financial information.
Not Applicable.
(c) Shell company transactions.
Not Applicable.
(d) Exhibits
Not Applicable.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: December 21, 2007 DELEK US HOLDINGS, INC.
By: /s/ Edward Morgan
--------------------------------------
Name: Edward Morgan
Title: Vice President and Chief
Financial Officer