PBF Energy Inc. (NYSE:PBF) today announced that its indirect subsidiary, PBF Holding Company LLC, intends to commence an add-on offering, subject to market and other conditions, of $250.0 million in aggregate principal amount of 9.25% senior secured notes due 2025. The Notes will be co-issued by PBF Finance Corporation, a wholly owned subsidiary of PBF Holding. The Notes will be issued as additional notes under the existing indenture pursuant to which PBF Holding and PBF Finance Corporation previously issued $1,000.0 million aggregate principal amount of 9.25% Senior Secured Notes due 2025. Completion of the offering is subject to, among other things, pricing and market conditions. PBF Holding intends to use the net proceeds from the offering for general corporate purposes.
The Notes will be offered in a private placement and are expected to be resold by the initial purchasers to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act of 1933, as ammended (the "Securities Act"). The offer of the Notes will be made only by means of an offering memorandum to qualified investors and has not been registered under the Securities Act or any applicable state securities laws, and the Notes may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act.
This press release is being issued pursuant to Rule 135c under the Securities Act, and is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful.
About PBF Energy Inc.
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. Our mission is to operate our 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 we do business, and provide superior returns to our investors.
