Herbert Smith Freehills Kramer advises PBF Energy in $500 million offering of senior notes

On May 26, 2026, Herbert Smith Freehills Kramer client PBF Energy Inc. (NYSE:PBF) announced that its indirect subsidiary, PBF Holding Company LLC, priced $500 million in aggregate principal amount of 7.25% senior notes due 2034 in a private offering pursuant to Rule 144A. The proceeds from the offering will be used to fund the redemption in full of its outstanding 6.00% Senior Notes due in 2028. 

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. PBF Energy is also a 50% partner in the St. Bernard Renewables joint venture focused on the production of next generation sustainable fuels.

The HSF Kramer team advising PBF was led by Corporate partners Todd E. Lenson and Jordan M. Rosenbaum, and included senior associate Ilya Kontorovich and associates Yasmeen Al-Bader and Hamilton Drucker, and Tax partner Barry Herzog and special counsel Rita Celebrezze D’Souza.