Delek Logistics Partners, LP - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Delek Logistics Partners, LP on March 29, 2024. The filing reports on a material definitive agreement entered into on the same date regarding the company's credit facilities.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, or margin data. The primary financial metric disclosed relates to the company's debt capacity:
- Revolving Credit Commitments: Increased by $100,000,000.
- Total Revolving Credit Commitments: Now stands at $1,150,000,000.
- Administrative Agent: Fifth Third Bank, National Association.
Material Changes
On March 29, 2024, the Partnership and its subsidiaries entered into a Fourth Amendment to their Fourth Amended and Restated Credit Agreement (dated October 13, 2022). The material changes include:
- Expansion of the revolving credit facility by $100 million.
- Increased ability for the Partnership and its subsidiaries to incur additional indebtedness.
Guidance, Outlook, and Risks
The filing does not contain updated financial guidance, management commentary on future outlook, or specific risk factors beyond the standard disclosure that the description of the Amendment is qualified by reference to the full text of the agreement filed as Exhibit 1.01.
Investor Verification Checklist
- Verify the full terms of the Fourth Amendment to the Credit Agreement in Exhibit 1.01.
- Confirm the specific covenants and conditions attached to the increased ability to incur indebtedness.
- Review the company's most recent 10-Q or 10-K for current utilization of the $1.15 billion credit facility.