PBF Energy Announces Pricing of Upsized $800 Million of Senior Notes due 2030

Core Viewpoint - PBF Energy Inc. announced the pricing of $800 million in senior notes with a 9.875% interest rate, due in 2030, to be used for repaying borrowings and general corporate purposes [1]. Group 1: Financial Details - The senior notes were priced at an issue price of 98.563% [1]. - The offering is expected to close on March 17, 2025, subject to customary closing conditions [1]. - The net proceeds from the offering will be used to repay outstanding borrowings under an asset-based revolving credit facility [1]. Group 2: Offering Structure - The notes will be offered in a private placement and are expected to be resold to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S [2]. - The offering will be made only by means of a private offering memorandum and has not been registered under the Securities Act [2]. Group 3: Company Overview - PBF Energy Inc. is one of the largest independent refiners in North America, operating oil refineries and related facilities across several states [5]. - The company aims to operate its facilities safely and responsibly while providing superior returns to investors [5]. - PBF Energy is also a 50% partner in the St. Bernard Renewables joint venture, focusing on sustainable fuels production [6].