PBF Energy enters into $3.5B amended revolving credit facility maturing Aug 2028

PBF Energy Inc.

New $3.5B asset-based revolving credit agreement replaces existing 2018 credit facility.
Maturity extended to August 2028; commitment fees, interest rates, and covenants consistent with prior agreement.
Borrowers include PBF Holding and seven refining subsidiaries; Bank of America as administrative agent.
Proceeds to be used for general corporate purposes, including working capital and letters of credit.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

PBF Energy Inc. amended 2023 Revolving Loan with Bank of America, National Association valued at $3.5 billion (effective 2023-08-23).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, National Association
Value: $3.5 billion
Effective: 2023-08-23

Exact text from the filing

On August 23, 2023, PBF Holding Company LLC (“PBF Holding”), a subsidiary of PBF Energy Company LLC and PBF Energy Inc., together with certain of its wholly-owned subsidiaries, as borrowers or subsidiary guarantors (collectively with PBF Holding, “PBF” or the “Company”) entered into an amended and restated asset-based revolving credit agreement, among PBF, Bank of America, National Association (“BofA”), as administrative agent, and certain other lenders (the “2023 Revolving Loan”).

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Source: SEC EDGAR

accession 0001140361-23-041044

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