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August 25, 2023

Willkie advised PBF Holding Company LLC, a subsidiary of petroleum refiner PBF Energy Inc., on its amended and restated asset-based revolving credit agreement.
 
On August 23, PBF Holding entered into a new revolving loan with Bank of America, as administrative agent, and a bank syndicate. The revolving loan replaces the existing senior secured revolving credit agreement and has a maximum commitment of $3.5 billion and a maturity date of August 2028.
 
PBF Energy is one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States.
 
The Willkie team was led by partner Andres Mena and included counsel Michael Wolynksi and law clerk Josefina Ayala Wilkins.