| Issuer / Guarantor | Delek US Holdings Inc |
|---|---|
| Size | USD 400mn |
| Type | Convertible |
| Leads | Mizuho, Wells Fargo, Truist |
| Maturity | 01 Nov 2031 (5.1 years) |
| Coupon | 0 - 0.5% |
| Premium | 27.5 - 32.5% |
| Calls | NC3; PC @ 130% w table MW |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (for excess above threshold) |
| T/o protection | Make-whole table |
| CoCo | 150% to Jul 2031 (4.8 yrs) |
| Announced | 24 Sep 2026 |