PBF Energy Announces Closing of $3.4 Billion Credit Facility

May 07, 2018

New York - Paul Hastings LLP, a leading global law firm, represented PBF Holding Company LLC, a wholly owned subsidiary of PBF Energy Company LLC as borrower in connection with a syndicated $3.4 billion senior secured revolving ABL credit facility. PBF Energy is a leading petroleum refiner and supplier of unbranded transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The credit agreement will be used for working capital and other general corporate purposes.

The Paul Hastings team was led by partner Andres Mena, along with of counsel Seth Chandler, and Maciej Zielnik.

The Paul Hastings Leveraged Finance team has advised on the financings for several high-profile deals, including the £1 billion acquisition of Laird PLC by Advent International; the $3.55 billion financing in connection with Meredith Corporation’s acquisition of Time Inc.; the $4.75 billion financing for Bass Pro Group, LLC’s acquisition of Cabela’s Incorporated; the $575 million financing of GTCR’s strategic investment in Vivid Seats; the $907 million financing for Compass Power Generation, L.L.C., a portfolio company of Starwood Energy Group Global, LLC; the $1.25 billion financing for Dynegy Inc.; and the $9.45 billion acquisition of Energy Future Holdings by Sempra Energy.

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PBF Energy is a leading petroleum refiner.

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