Short answer
PBF Energy Inc. (PBF) filed an 8-K current report with the SEC on September 17, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 2.03 (Creation of a Direct Financial Obligation). $550.0M 0% exchangeable notes due January 15, 2032, generating approximately $533.6M net proceeds.
PBF Energy Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $550.0M 0% exchangeable notes due January 15, 2032, generating approximately $533.6M net proceeds
- Proceeds earmarked for capped calls, redemption of 7.875% 2030 notes, and general corporate purposes
- Initial exchange price approximately $96.80 per share, representing potential equity dilution above the exchange threshold
- Capped calls cover shares underlying the notes, with a $123.20 cap price and intended dilution protection
- Refinancing replaces interest-bearing debt with zero-coupon obligations, but notes rank alongside senior debt and below secured creditors collateral claims
Other items in this filing:
- Item 2.03: Creation of a Direct Financial Obligation
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other PBF Energy Inc. 8-K filings
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