PBF Energy unit raises USD 550 million in 0% exchangeable notes due 2032 in Rule 144A offering

• PBF Energy priced USD 550 million of 0% Exchangeable Senior Notes due 2032 in a Rule 144A private placement.
• Net proceeds totaled about USD 533.6 million; funds earmarked for capped call costs, redeeming 7.875% senior unsecured notes due 2030, general purposes.
• Notes mature Jan. 15, 2032; no regular interest or principal accretion; special interest up to 0.5% in specified reporting or registration defaults.
• Initial exchange rate set at 10,331 shares per USD 1,000; initial exchange price about USD 96.8 per share; settlement can be cash, stock, or both.
• Redemption barred before Jan. 20, 2030, except cleanup; later redemption requires stock at least 130% of exchange price for 20 of 30 trading days.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PBF Energy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-394108), on September 17, 2026, and is solely responsible for the information contained therein.