PBF Energy宣布5亿美元的可交换票据交易

• PBF Energy (PBF) said that its indirect subsidiary PBF Holding Company plans to offer $500M of exchangeable notes due 2032 in a private offering.
• The notes will be senior, unsecured obligations of PBF Holding and PBF Finance Corporation and will mature on January 15, 2032.
• The initial purchasers have an option to buy up to an additional $50M of notes. The notes will pay interest semiannually, with the interest rate and initial exchange rate to be set when the offering is priced.
• PBF said it expects to enter into capped call transactions in connection with the offering to generally reduce potential dilution to its common stock from exchanges and offset certain cash payments above principal, subject to a cap.
• The notes will not be redeemable before January 20, 2030.
• The stock price rose about 1.9% on Monday pre-market hours of trading.

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