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May 08, 2020

Kramer Levin Advises PBF Energy in $1 Billion Offering of Senior Secured Notes

On May 7, 2020, Kramer Levin client PBF Energy Inc. (NYSE: PBF) announced that its indirect subsidiary, PBF Holding Company LLC (PBF Holding), has offered $1.0 billion in aggregate principal amount of senior secured notes due 2025 (the Notes) in a private offering. The net proceeds are expected to be used for general corporate purchases. PBF Energy Inc. is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio. Its mission is to operate its facilities in a safe, reliable and environmentally responsible manner, provide employees with a safe and rewarding workplace, become a positive influence in the communities where it does business, and provide superior returns to its investors. PBF Energy Inc. also currently indirectly owns the general partner and approximately 48% of the limited partnership interest of PBF Logistics LP (NYSE: PBFX).

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