On Aug. 14, 2023, Kramer Levin client PBF Energy Inc. (NYSE:PBF) announced that its indirect subsidiary, PBF Holding Company LLC, priced $500 million in aggregate principal amount of 7.88% senior notes due 2030 in a private offering pursuant to Rule 144A. PBF Holding intends to use the net proceeds from the offering, together with cash on hand, to fund the redemption of its 7.25% Senior Notes due 2025.

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.

Key contacts

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Todd E. Lenson

Partner, Head of Equity Capital Markets and Public Companies, US, New York

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Jordan M. Rosenbaum

Partner, Head of Equity Capital Markets and Public Companies, US, New York

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Ilya Kontorovich

Senior Associate, New York

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New York Silicon Valley Washington, DC Corporate Equity capital markets US public companies Tax Todd E. Lenson Jordan M. Rosenbaum Michael McKay Ilya Kontorovich Rita Celebrezze D'Souza