PBF Energy closes $800M 9.875% senior notes offering due 2030, proceeds to repay revolver

PBF Energy Inc.

Issued $800M aggregate principal of 9.875% Senior Notes due 2030 at issue price of 98.563%.
Net proceeds of ~$777.5M after initial purchasers' discount and estimated expenses.
Proceeds to repay borrowings under PBF Holding's asset-based revolving credit facility and for general corporate purposes.
Notes are senior unsecured obligations guaranteed by multiple subsidiaries; interest payable semiannually starting Sep 15, 2025.
Up to 40% of notes redeemable before Mar 15, 2027 at 109.875% using equity offering proceeds; redemption prices apply thereafter.

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