debt
confidence high
sentiment neutral
materiality 0.65
PBF Energy subsidiary prices $800M 9.875% senior notes due 2030
PBF Energy Inc.
- Upsized $800M aggregate principal of 9.875% senior unsecured notes due 2030 priced at 98.563%.
- Offering expected to close March 17, 2025; notes co-issued by PBF Finance Corp.
- Net proceeds to repay borrowings under ABL facility and for general corporate purposes.
- Sale to QIBs under Rule 144A and to non-U.S. persons under Regulation S.