Delek US Holdings Inc.


Delek 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% convertible senior notes due 2018. 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 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.

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