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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.
Key contacts
Todd E. Lenson
Partner, Head of Equity Capital Markets and Public Companies, US, New York
Jordan M. Rosenbaum
Partner, Head of Equity Capital Markets and Public Companies, US, New York
Jeffrey H Taub
Special Counsel, New York
Barry Herzog
Partner, Head of Tax, US, New York
Rita Celebrezze D'Souza
Special Counsel, New York