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AI brief of an SEC Form 8-K · PBF Energy (PBF)

PBF Energy closes $800 million 9.875% senior notes offering due 2030

Neutral Impact 3 of 5 financing Written later

PBF Holding Company issued $800.0 million of 9.875% Senior Notes due 2030 at an issue price of 98.563%, with net proceeds of approximately $777.5 million. The company plans to use the proceeds to repay borrowings under its asset-based revolving credit facility and for general corporate purposes. The notes add debt at a high interest rate, which shareholders should weigh against the company's existing obligations.

Key points

  • Principal amount: $800.0 million; issue price 98.563% of par
  • Net proceeds of approximately $777.5 million after initial purchasers' discount and offering expenses
  • Interest paid semi-annually on March 15 and September 15, starting September 15, 2025; matures March 15, 2030
  • Proceeds to repay revolving credit facility borrowings and for general corporate purposes

The filing

CompanyPBF Energy (PBF)
Form8-K, current report
Filed with the SECMar 17, 2025, 4:01 PM ET
Accession number0001193125-25-055603

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 17, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.