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Pbf Energy Announces Pricing Of $500 Million Of 7% Senior Secured Notes Due 2023

The following excerpt is from the company's SEC filing.

PARSIPPANY, N.J.-(BUSINESS WIRE)-November 17, 2015-PBF Energy Inc. (NYSE: PBF) announced today that its indirect subsidiary, PBF Holding Company LLC (“PBF Holding”), priced $500 million in aggregate principal amount of 7% senior secured notes due 2023, in a private offering. The offering is expected to close on November 24, 2015, subject to customary closing conditions.

PBF Holding intends to use the net proceeds from the offering for general corporate purposes, including to fund a portion of the purchase price for the pending acquisition of the Torrance refinery and related logistics assets. The notes wil l be co-issued by PBF Finance Corporation, a wholly owned subsidiary of PBF Holding.

The notes to be offered and sold have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and unless so registered, the notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The notes purchased by the initial purchasers will be offered and sold only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to persons...


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