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Prior Revolving Credit Facility
9 Months Ended
Sep. 30, 2012
Long-Term Obligations and Short-Term Note Payable [Abstract]  
Long-Term Obligations and Short-Term Note Payable
Prior Revolving Credit Facility
The Predecessor had a revolving credit facility with Fifth Third Bank (“Fifth Third Revolver”) that carried a credit limit of $75.0 million, including a $35.0 million sub-limit for letters of credit. As of September 30, 2012, we had $53.2 million outstanding borrowings under the facility, as well as letters of credit issued of $11.5 million. Borrowings under the Fifth Third Revolver were secured by substantially all of the assets of Marketing. The Fifth Third Revolver bore interest based on predetermined pricing grids that allowed us to choose between Base Rate Loans or LIBOR Rate Loans. At September 30, 2012, the weighted average borrowing rate was approximately 4.2%. Additionally, the Fifth Third Revolver required us to pay a quarterly fee of 0.50% per year on the average available revolving commitment. Amounts available under the Fifth Third Revolver as of September 30, 2012 were approximately $10.3 million. The Fifth Third Revolver was repaid and terminated in conjunction with the Offering. Concurrently with the Offering, the Partnership entered into a $175.0 million senior secured revolving credit agreement with Fifth Third Bank, as administrative agent, and a syndicate of lenders ("Delek Logistics Revolving Credit Facility") on November 7, 2012. See Note 12 for further information regarding the Delek Logistics Revolving Credit Facility.