Stock Market & Financial Investment News

News Breaks January 2, 2013 08:04 EDT PBF PBF Energy upsizes credit agreement to $1.575B PBF Energy has upsized its subsidiaries’ existing revolving credit agreement from $1.375B to $1.575B in commitments. The credit agreement runs through October 2017 and is used for working capital and other general corporate purposes. With the increase in its credit agreement, PBF also announced that its subsidiaries have terminated, effective June 30, 2013, their existing product offtake agreements with Morgan Stanley Capital Group Inc. that cover the sales of refined products from PBF’s Delaware and Paulsboro, NJ refineries. Concurrent with the upsizing of the credit agreement, PBF also terminated its letter of credit facility with BNP Paribas and other lenders, and will use the upsized credit agreement for letters of credit going forward. News For PBF From The Last 14 Days Check below for free stories on PBF the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. June 6, 2013 19:10 EDT PBF PBF Energy 15.95M share Secondary priced at $27.00 Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.