PBF prices $500M exchangeable notes due 2032
PBF Energy priced $500M exchangeable notes due 2032, exchangeable at about 10.3306 shares per $1,000 (about $96.80/share). Proceeds are expected to fund repayment of 2030 notes and hedges, with capped-call transactions and related shelf filings through 2026 potentially affecting PBF shares.