PBF Energy Inc. Enters $4.0B Amended Revolving Credit Agreement

What Happened PBF Energy Inc. (through subsidiary PBF Holding Company LLC) announced on September 30, 2026 that it entered into an amended and restated asset-based senior secured revolving credit agreement (the "2026 Revolving Loan") with Bank of America, N.A. as administrative agent and a syndicate of lenders. The new facility replaces the prior credit agreement dated August 23, 2023, carries a maximum commitment of $4.0 billion and has a maturity date of September 30, 2031. Interest rates on advances and fees for letters of credit are generally consistent with the prior agreement, while commitment fees on the unused portion were reduced.

Key Details

• Agreement date: September 30, 2026; replaces Existing Credit Agreement dated August 23, 2023.
• Maximum commitment: $4.0 billion.
• Maturity date: September 30, 2031.
• Terms: asset-based revolving loan; interest and letter-of-credit fees generally unchanged; reduced unused-commitment fees versus prior facility.
• Administrative agent: Bank of America, N.A.; syndicate banks have provided and may provide other banking and investment services to PBF.
• Filing note: the amended and restated credit agreement is filed as Exhibit 10.1 to the Form 8-K. The transaction constitutes the creation of a direct financial obligation.

Why It Matters This amendment secures up to $4.0 billion of committed liquidity for PBF and extends the company’s revolving credit maturity to 2031, which can lower near‑term refinancing risk. Reduced unused-commitment fees slightly lower the cost of maintaining available borrowing capacity, while broadly similar pricing for draws and letters of credit means borrowing costs on active usage remain largely unchanged. For investors, the filing signals that PBF has refreshed its bank financing and preserved access to working capital and liquidity through 2031.