PBF amends inventory intermediation agreement with J. Aron to allow early termination by July 31, 2023

PBF Energy Inc.

Second amendment to Third A&R Inventory Intermediation Agreement with J. Aron (Goldman Sachs subsidiary) executed June 28, 2023.
Allows early termination of the agreement; final step-out date set for July 31, 2023.
$500,000 funding cost unwind amount to be included in step-out payment.
Amendment effective upon satisfaction of conditions including payment of expenses.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PBF Energy Inc. amended Third A&R Inventory Intermediation Agreement J. Aron Second Amendment with J. Aron & Company LLC valued at Amendment to allow for early termination of the agreement (effective 2023-06-28).

Action: amendment
Counterparty: J. Aron & Company LLC
Value: Amendment to allow for early termination of the agreement
Effective: 2023-06-28

Exact text from the filing

On June 28, 2023, PBF Holding, and its wholly-owned subsidiaries, Delaware City Refining Company LLC, Paulsboro Refining Company LLC, and Chalmette Refining, L.L.C. entered into a second amendment (the “J. Aron Second Amendment”) of the third amended and restated inventory intermediation agreement dated October 25, 2021 (the “Third A&R Inventory Intermediation Agreement”) with J. Aron & Company LLC, a subsidiary of the Goldman Sachs Group, Inc., to amend certain provisions of the Third A&R Inventory Intermediation Agreement to allow for the early termination of the Third A&R Inventory Intermediation Agreement.

View on SEC.gov

75 material agreements filed in the last 30 days. Browse all material agreements →

PBF Energy Inc. filing history →

Source: SEC EDGAR

accession 0001534504-23-000032

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.