secwatch.observer — SEC 8-K summary
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Issuer:     PBF Energy Inc. (PBF)
CIK:        0001534504
Form:       8-K
Filed at:   2023-08-21T23:59:59+00:00
Accession:  0001140361-23-040733
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PBF issues $500M of 7.875% senior notes due 2030; proceeds to refinance existing 7.25% notes
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- Issued $500M aggregate principal 7.875% Senior Notes due 2030 at 99.324% of par.
- Net proceeds of ~$489.6M after discount and expenses.
- Proceeds used to redeem $664.5M of existing 7.25% Senior Notes due 2025, together with cash on hand.
- Notes are senior unsecured obligations, guaranteed by PBF's refining subsidiaries, maturing September 15, 2030.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534504/000114036123040733/0001140361-23-040733-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534504/000114036123040733/brhc20057768_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-040733

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