Ithaca agrees USD 1.80 billion facility change for Delek stock

Published on 10/20/2026 at 09:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ithaca's facility runs to December 31, 2032 with USD 1.00 billion in extra capacity. For Delek stock, Q2 2026 production was 96,000 boe/d.

Financing and milestones

Ithaca Energy agreed a USD 1.80 billion facility amendment on October 12, 2026.
The revised financing matures on December 31, 2032.
Delek stock traded at ILA 8,348.00 on TASE on October 20, 2026.

Delek, IL0010841281, Illustration mit AI erstellt.

Delek (ISIN IL0010841281) is linked to Ithaca Energy's amended USD 1.80 billion reserve based lending facility, agreed on October 12, 2026. TradingView reports that the financing combines a USD 1.30 billion loan facility with a USD 500.00 million letter of credit facility. The change extends maturity and adds financial flexibility for Delek's energy portfolio.

Ithaca adds financing flexibility

The amended facility extends final maturity to December 31, 2032 and permits up to USD 1.00 billion of additional commitments across the loan and letter of credit facilities. The announcement also cites improved pricing terms, which could reduce funding pressure while Ithaca executes its operating and investment plans.

What does the facility mean for liquidity?

The financing gives Ithaca more room to manage projects and commodity-cycle demands. The company said the revised structure would strengthen liquidity and support its strategy. For Delek, the relevant connection is its exposure to Ithaca and the broader energy portfolio rather than a standalone financing event at the parent.

Three dated steps in the strategy

On August 19, 2026, Delek's investor-relations page presented second-quarter revenue of 4.4 billion, average combined production of 96,000 boe/d and net profit attributable to shareholders of 314 million. On October 5, 2026, Ithaca agreed to acquire offshore Canadian assets for USD 860.00 million, with up to USD 250.00 million in contingent consideration, according to TradingView. On October 12, 2026, the reserve based lending facility was amended to include USD 1.00 billion of accordion capacity, also reported by TradingView.

Two dates shape the timeline

Completion of the Canadian acquisition is targeted for the first half of 2027, while the amended lending facility reaches final maturity on December 31, 2032. These dates frame the near-term execution window and the longer financing horizon.

Delek stays tied to energy execution

Delek Group last traded at ILA 8,348.00 on the Tel Aviv Stock Exchange on October 20, 2026 at 10:10 a.m. IDT. The company is listed under DLEKG and is included in the TA-35 Index.