Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/financial/money/pbf-energy-amends-its-subsidiaries-revolving-credi.shtmlPBF Energy amends its subsidiaries' revolving credit agreement
PBF Energy’s subsidiary, PBF Holding Company LLC, has amended and restated its and its subsidiaries' revolving credit agreement.
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PBF Energy’s subsidiary, PBF Holding Company LLC, has amended and restated its and its subsidiaries' revolving credit agreement. Commitments under the facility have increased from $1.6 billion to $2.5 billion, with an accordion to $2.75 billion. The credit agreement has a five-year term and will be used for working capital and other general corporate purposes.
PBF's Chief Financial Officer Erik Young said, 'The increase to our ABL Facility provides our company with increased financial flexibility to grow our existing business and is reflective of our financing partners' commitment to PBF.'
