PBF Energy Inc.
10/01/2026 | Press release | Distributed by Public on 10/01/2026 14:49
Material Agreement, Financial Obligation (Form 8-K)
Item 1.01. Entry into a Material Definitive Agreement.
Senior Secured Revolving Credit Agreement
On September 30, 2026, PBF Holding Company LLC ("PBF Holding"), a subsidiary of PBF Energy Company LLC and PBF Energy Inc., together with certain of its wholly-owned subsidiaries, as borrowers or subsidiary guarantors (collectively with PBF Holding, "PBF" or the "Company") entered into an amended and restated asset-based revolving credit agreement, among PBF, Bank of America, National Association ("BofA"), as administrative agent, and certain other lenders (the "2026 Revolving Loan"). The 2026 Revolving Loan replaced the existing Senior Secured Revolving Credit Agreement, dated as of August 23, 2023 (the "Existing Credit Agreement").
The 2026 Revolving Loan has a maximum commitment of $4.0 billion, reduced commitment fees on the unused portion as compared to the Existing Credit Agreement, and a maturity date of September 30, 2031. The interest rate on advances and the fees for letters of credit are generally consistent with the Existing Credit Agreement. The 2026 Revolving Loan contains representations, warranties and covenants by PBF Holding and the other borrowers, as well as customary events of default and indemnification obligations that are consistent with those in the Existing Credit Agreement.
BofA serves as the administrative agent under the 2026 Revolving Loan for the bank syndicate participating in the facility. Certain of the banks included in the syndicate participating in the facility and their respective affiliates have in the past provided, are currently providing and in the future may continue to provide, investment banking, commercial banking and other financial services to PBF and its affiliates in the ordinary course of business for which they have received and may in the future receive customary compensation.
The foregoing description is not complete and is qualified in its entirety by reference to the full text of the 2026 Revolving Loan, which is filed as Exhibit 10.1 to this current report on Form 8-K and incorporated in this Item 1.01 by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The disclosure set forth under Item 1.01 of this current report on Form 8-K is incorporated by reference herein.
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