Mapco gets $200M credit facility

Delek US Holdings has inked a $200 million credit facility for its Mapco Express Inc. subsidiary to help finance working capital and the strategic growth of the retail business. The five-year facility extends and increases Mapco's existing revolver and extinguishes an associated term loan, both of which would have matured in April. Uzi Yemin, President and Chief Executive Officer of Delek US, remarked: "In connection with the ongoing support of our lenders, we have secured a long-term credit facility for our retail segment. This facility will provide us with a significant degree of financial flexibility to accommodate new store construction, store reimaging and strategic acquisitions." Delek (Ticker: DK) lost $9.9 million in its most recent quarter.