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PBF Energy Announces Pricing of $500 Million of Senior Notes due 2030

PR Newswire - Mon Aug 14, 2023

PARSIPPANY, N.J., Aug. 14, 2023 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) ("PBF Energy") today announced that its indirect subsidiary, PBF Holding Company LLC ("PBF Holding"), priced $500 million in aggregate principal amount of 7.875% senior notes due 2030 (the "Notes") at an issue price of 99.324% in a private offering. The offering is expected to close on August 21, 2023, subject to customary closing conditions. The Notes will be co-issued by PBF Finance Corporation, a wholly owned subsidiary of PBF Holding. PBF Holding intends to use the net proceeds from the offering, together with cash on hand, to fund the redemption of its 7.25% Senior Notes due 2025 (the "2025 Notes").

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