Short answer
PBF Energy Inc. (PBF) filed an 8-K current report with the SEC on September 15, 2026 reporting Item 8.01 (Other Events), Item EX-99.1 (Exhibit EX-99.1). PBF Holding and PBF Finance priced $500 million of 0% senior unsecured exchangeable notes due 2032.
PBF Energy Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 8.01 · Other Events
- PBF Holding and PBF Finance priced $500 million of 0% senior unsecured exchangeable notes due 2032
- Expected closing September 17, 2026, subject to customary conditions
- Initial purchasers hold a 13-day option for up to $50 million additional notes
- Zero-coupon financing limits cash interest expense but creates future exchange and repayment obligations
Item EX-99.1 · Exhibit EX-99.1
- $500M of 0% exchangeable notes due January 15, 2032, with potential $50M upsizing option
- Net proceeds of approximately $485.0M funding repayment or redemption of 7.875% 2030 Notes, lowering cash interest burden
- Exchange price approximately $96.80 per share, a 37.5% premium to PBF’s $70.40 share price
- $25.2M capped-call cost designed to reduce equity dilution and excess cash payments upon exchange
- Notes are not guaranteed by PBF Energy Inc.; subsidiary guarantees and potential future share issuance remain investor considerations
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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