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PBF Energy Inc.: Other Events (PBF)

MarketRead the original at SEC EDGAR
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PBF plans to repay $800 million of notes, ending their 9.875% interest cost. The payment also includes a premium and any unpaid interest, and the filing does not say how PBF will fund it.

PBF · PBF Energy Inc.

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Once completed, the redemption would end interest payments on these notes. PBF must also pay their full principal, a premium, and any unpaid interest. The filing does not say where that money will come from, so it does not show whether the savings outweigh the cash cost.

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