PBF Energy (PBF) plans a $500 million private offering of exchangeable notes due Jan. 15, 2032, the company said Monday.
The company expect to grant an option to the initial purchasers to buy up to an additional $50 million of notes.
PBF Energy plans to use the net proceeds to fund certain capped call transactions in connection with the offering, among other things, the company said.
PBF Energy shares were up 1.4% in premarket activity.
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