PBF Energy Announces Pricing of Upsized $800 Million of Senior Notes due 2030
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PBF Energy's subsidiary, PBF Holding Company LLC, has priced $800 million in senior notes due 2030 at a 9.875% interest rate. The notes were issued at 98.563% of their principal amount in a private offering.
March 12, 2025 | 11:00 pm
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NEUTRAL IMPACT
PBF Energy's subsidiary has successfully priced $800 million in senior notes due 2030 with a 9.875% interest rate, issued at 98.563% of the principal amount. This move could impact the company's credit profile and financial strategy.
The issuance of $800 million in senior notes at a high interest rate suggests a strategic move to raise capital, which could affect PBF Energy's credit profile. However, the impact on stock price is uncertain as it depends on how the market perceives the use of these funds and the company's ability to manage debt.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100