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

PBF Energy issues $550.0 million of 0% exchangeable senior notes due 2032

Neutral Impact 3 of 5 financing Written later

PBF Holding Company LLC, a subsidiary of PBF Energy Inc., issued $550.0 million of 0% Exchangeable Senior Notes due 2032 in a private placement under Rule 144A, including $50 million from the initial purchasers' option. The Issuers expect net proceeds of approximately $533.6 million, to be used for capped call transactions, redeeming the 7.875% senior notes due 2030, and general corporate purposes, and the notes can be exchanged into PBF Energy Class A common stock at an initial exchange price of about $96.80 per share.

Key points

  • Principal amount: $550.0 million, maturing January 15, 2032; the notes do not bear regular interest
  • Estimated net proceeds: approximately $533.6 million after discounts and estimated offering expenses
  • Proceeds fund capped call costs, full redemption of the 7.875% senior notes due 2030, and general corporate purposes
  • PBF Energy agreed to file a shelf or resale registration statement covering shares issuable on exchange by December 31, 2026

The filing

CompanyPBF Energy (PBF)
Form8-K, current report
Filed with the SECSep 17, 2026, 1:29 PM ET
Accession number0001193125-26-394108

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale

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 September 17, 2026.

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.