- Category
- Defining Matters
- Date
- March 13, 2025
- Title
-
Kramer Levin Advises PBF Energy in $800 Million Offering of Senior Notes
On March 12, 2025, Kramer Levin client PBF Energy Inc. (NYSE:PBF) announced that its indirect subsidiary, PBF Holding Company LLC, priced an upsized $800 million in aggregate principal amount of 9.875% senior notes due 2030 in a private offering pursuant to Rule 144A. The proceeds from the offering will be used to repay outstanding borrowings under the company’s asset-based revolving credit facility and for general corporate purposes.
PBF Energy Inc. (NYSE:PBF) 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. PBF Energy is also a 50% partner in the St. Bernard Renewables joint venture focused on the production of next generation sustainable fuels.
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