PBF - PBF Energy intends to offer $500M of senior notes due 2030
2023-08-14 08:33:30 ET
- PBF Energy ( NYSE: PBF ) has announced that its indirect subsidiary, PBF Holding, intends to offer, subject to market and other conditions, $500M in aggregate principal amount of senior notes due 2030 in a private offering.
- PBF Holding intends to use the net proceeds from the proposed offering, together with cash on hand, to fund the redemption of its 7.25% Senior Notes due 2025.
- The Notes will be co-issued by PBF Finance Corporation, a wholly owned subsidiary of PBF Holding.
- Completion of the offering is subject to, among other things, pricing and market conditions.
For further details see:
PBF Energy intends to offer $500M of senior notes due 2030