PBF Energy Targets $500M 2034 Senior Notes to Redeem 6% 2028 Bonds
PBF•PBF•PBF•PBF•PBF Holding Company LLC intends a private offering of $500 million senior notes due 2034 co-issued by PBF Finance Corporation. Net proceeds and available cash will fund the full redemption of PBF Energy’s 6.00% Senior Notes maturing in 2028.
PBF Holding Company LLC plans to privately place $500 million aggregate principal amount of senior notes due 2034, co-issued by its subsidiary PBF Finance Corporation. The notes will be offered under Rule 144A to qualified institutional buyers and under Regulation S to non-U.S. persons.
PBF Holding intends to apply net proceeds and available cash to redeem in full its outstanding 6.00% Senior Notes due 2028. Closing is subject to pricing, market conditions and customary issuance requirements.
Extending debt maturities by six years enhances liquidity and defers principal repayments, though coupon terms are market-driven. The transaction could influence PBF Energy’s leverage ratios and interest expense in future periods.
