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On May 7, 2020, Kramer Levin client PBF Energy Inc. (NYSE: PBF) announced that its indirect subsidiary, PBF Holding Company LLC (PBF Holding), has offered $1.0 billion in aggregate principal amount of senior secured notes due 2025 (the Notes) in a private offering. The net proceeds are expected to be used for general corporate purchases. 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. Its mission is to operate its facilities in a safe, reliable and environmentally responsible manner, provide employees with a safe and rewarding workplace, become a positive influence in the communities where it does business, and provide superior returns to its investors. PBF Energy Inc. also currently indirectly owns the general partner and approximately 48% of the limited partnership interest of PBF Logistics LP (NYSE: PBFX).
Key contacts
David J. Fisher
Partner, New York
James P. Godman
Partner, New York
Barry Herzog
Partner, Head of Tax, US, New York
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
Michael McKay
Counsel, New York
Mark Chass
Associate, New York
Mariya Khvatskaya
Senior Associate, New York