secwatch.observer — SEC 8-K summary
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Issuer:     PBF Energy Inc. (PBF)
CIK:        0001534504
Form:       8-K
Filed at:   2025-03-17T23:59:59+00:00
Accession:  0001193125-25-055603
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534504/000119312525055603/0001193125-25-055603-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534504/000119312525055603/d810230d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-055603

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