PBF Energy plans USD 500 million exchangeable notes offering due 2032
PBF•PBF Energy plans exchangeable notes offering
PBF Energy’s PBF Holding plans a private offering of USD 500 million exchangeable notes due 2032.
The issuers expect to grant an option for initial purchasers to buy up to an additional USD 50 million of the notes.
Net proceeds are earmarked for capped call costs, then repayment or redemption of outstanding 7.875% senior unsecured notes due 2030.
