debt
confidence high
sentiment neutral
materiality 0.60
PBF Holding to offer $500M senior notes due 2030 to refinance 7.25% notes due 2025
PBF Energy Inc.
- $500M aggregate principal of senior unsecured notes due 2030 in private offering.
- Proceeds plus cash on hand to redeem all outstanding 7.25% Senior Notes due 2025.
- Redemption date for 2025 Notes is September 13, 2023 at 100% par plus accrued interest.
- Notes offered to QIBs under Rule 144A and non-U.S. persons under Regulation S.
- Co-issuers: PBF Holding Company LLC and PBF Finance Corporation.