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August 30, 2015 3:13 AM ET

Oil, Gas and Consumable Fuels

Company Overview of PBF Holding Company LLC

Company Overview

PBF Holding Company LLC refines and supplies unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States and internationally. The company also provides gasoline, ultra-low-sulfur diesel, jet fuel, petrochemicals, and asphalt. It owns and operates three oil refineries and related assets located in Toledo, Ohio; Delaware City, Delaware; and Paulsboro, New Jersey. The company was founded in 2008 and is based in Parsippany, New Jersey. PBF Holding Company LLC is a subsidiary of PBF Energy Company LLC.

One Sylvan Way

Second Floor

Parsippany, NJ 07054

United States

Founded in 2008

1,714 Employees

Phone:

973-455-7500

Key Executives for PBF Holding Company LLC

Chief Executive Officer and Director
Age: 64
President and Director
Age: 42
Executive Chairman, Executive Chairman of PBF Energy Inc
Age: 73
Chief Financial Officer and Senior Vice President
Age: 38
Senior Vice President, General Counsel, Secretary and Director
Age: 54
Compensation as of Fiscal Year 2015.

PBF Holding Company LLC Key Developments

PBF Rail Logistics Company LLC and PBF Holding Company LLC Enters into the First Amendment to Loan Agreement

On April 29, 2015, PBF Rail Logistics Company LLC (the Borrower’ or PBF Rail’) and PBF Holding Company LLC (PBF Holding’ and together with PBF Energy, the Company’), entered into the First Amendment to Loan Agreement (as amended, the ‘Rail Facility’) among Credit Agricole Corporate + Investment Bank as Administrative Agent, Deutsche Bank Trust Company Americas as Collateral Agent, DVB Bank SE as Syndication Agent, ING Bank, a branch of ING-DiBa AG as Documentation Agent and certain other Continuing Lenders, as defined in the agreement (‘Continuing Lenders’). The Rail Facility amends the original Rail Facility dated March 26, 2014, to extend the maturity from March 31, 2016 to April 29, 2017, reduce the total commitment under the Rail Facility from $250.0 million to $150.0 million and reduce the commitment fee on the unused portion of the Rail Facility. The lenders continue to have a perfected, first priority security interest in all of the Borrower's assets, including but not limited to the Railcars, all railcar marks and other intangibles, the rights of the Borrower under the Transportation Services Agreement (TSA’) entered into by the Borrower and PBF Holding, the accounts of the Borrower, and proceeds from the sale or other disposition of the Railcars, including insurance proceeds. In addition, the lenders received a pledge of the membership interest of the Borrower held by PBF Transportation Company LLC, a wholly-owned subsidiary of PBF Holding. In connection with the amendment of the Rail Facility, the TSA between Borrower and PBF Holding was amended to extend the term for two years from the amendment closing date. The obligations of PBF Holding under the TSA, as amended, remain guaranteed by each of Delaware City Refining Company LLC, Paulsboro Refining Company LLC, and Toledo Refining Company LLC. Certain of the banks included in the syndicate of Continuing Lenders participating in the Rail Facility and their respective affiliates have in the past provided, are currently providing and in the future may continue to provide, investment banking, commercial banking and other financial services to the Company in the ordinary course of business for which they have received and may in the future receive customary compensation.

PBF Energy Inc. and PBF Holding Company LLC Appoints John Barone as Chief Accounting Officer

PBF Energy Inc. and PBF Holding Company LLC announced the appointment of Mr. John Barone as Chief Accounting Officer on an interim basis. Mr. Barone is currently the company's Controller and will serve in both roles in the interim. Mr. Barone, has been the Controller of the company and certain of its subsidiaries since June 2010.

PBF Energy Inc. and PBF Holding Company LLC Announce Resignation of Karen B. Davis, Chief Accounting Officer Effective November 15, 2014

On October 20, 2014, Karen B. Davis, Chief Accounting Officer, notified PBF Energy Inc. and PBF Holding Company LLC of her resignation effective November 15, 2014. Ms. Davis has accepted a job opportunity with another company.

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