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CREDIT FACILITIES AND DEBT (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Summary of long-term debt outstanding

Long-term debt outstanding consisted of the following:

(in millions)						December 31, 2020						December 31, 2019
2025 Senior Secured Notes						$	1,250.6					$	—
2028 Senior Notes						1,000.0						—
2025 Senior Notes						725.0						725.0
2023 Senior Notes						—						500.0
PBFX 2023 Senior Notes						526.6						527.2
Revolving Credit Facility						900.0						—
PBFX Revolving Credit Facility						200.0						283.0
PBF Rail Term Loan						7.4						14.5
Catalyst financing arrangements						102.5						47.6
						4,712.1						2,097.3
Less—Current debt						(7.4)						—
Unamortized deferred financing costs						(51.1)						(32.4)
Long-term debt						$	4,653.6					$	2,064.9

Details of the catalyst financing arrangements at each of the Company’s refineries as of December 31, 2020 are included in the following table:

Refinery

Metal

Annual interest rate

Expiration date

Paulsboro

Platinum

1.47

%

December 2022

Delaware City

Platinum

2.75

%

October 2021(1)

Delaware City

Palladium

3.45

%

September 2021(1)

Toledo

Platinum

4.05

%

September 2021(1)

Chalmette

Platinum

2.10

%

October 2021(1)

Chalmette

Platinum

1.80

%

November 2022

Torrance

Platinum

1.78

%

July 2022

Martinez

Platinum

4.05

%

September 2021(1)

Martinez

Palladium

3.45

%

September 2021(1)

__________________

(1) These catalyst financing arrangements are included in Long-term debt as of December 31, 2020 as the Company has the ability and intent to finance this debt through availability under other credit facilities if the catalyst financing arrangements are not renewed at maturity.

Schedule of debt maturing in the next five years and thereafter

Debt maturing in the next five years and thereafter is as follows (in millions):

Year Ending December 31,
2021			$	86.3
2022			23.6
2023			1,626.6
2024			—
2025			1,975.6
Thereafter			1,000.0
			$	4,712.1

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

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