PBF Energy IncPBF
± MixedCapitalrelevance
PBF Energy priced $500M of 0% exchangeable notes due 2032, a financing event with unclear net effect on shareholders.

PBF Energy said its subsidiary PBF Holding has priced $500 million of 0% exchangeable notes due 2032 in a private offering. Initial buyers have an option to purchase up to an additional $50 million of the notes. The notes will be senior, unsecured obligations of the issuers. They will not bear regular interest, and the principal amount of the notes will not accrete.
PBF Energy IncPBF Energy priced $500M of 0% exchangeable notes due 2032, a financing event with unclear net effect on shareholders.