PBF Energy issues $550 million in 0% exchangeable senior notes due 2032

investing.com ·4h ago

PBF Energy Inc. has issued $550 million in 0% exchangeable senior notes due 2032, alongside PBF Finance Corporation, as part of a $550 million private placement under Rule 144A. The company plans to use the proceeds to fund capped call transactions, redeem outstanding 7.875% senior unsecured notes due 2030, and for general corporate purposes. With a market capitalization of $9.21 billion and a debt-to-equity ratio of 0.39, PBF Energy is currently undervalued, according to InvestingPro analysis.

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PBF Energy issues $550 million in 0% exchangeable senior notes due 2032

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