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CREDIT FACILITIES AND DEBT (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Summary of long-term debt outstanding

Long-term debt outstanding consisted of the following:

(in millions)						December 31, 2021						December 31, 2020
2025 Senior Secured Notes						$	1,250.0					$	1,250.0
2028 Senior Notes						826.5						1,000.0
2025 Senior Notes						669.5						725.0
PBFX 2023 Senior Notes						525.0						525.0
Revolving Credit Facility						900.0						900.0
PBFX Revolving Credit Facility						100.0						200.0
PBF Rail Term Loan						—						7.4
Catalyst financing arrangements						58.4						102.5
						4,329.4						4,709.9
Less—Current debt						—						(7.4)
Unamortized premium						1.4						2.2
Unamortized deferred financing costs						(35.0)						(51.1)
Long-term debt						$	4,295.8					$	4,653.6

Details of the catalyst financing arrangements at each of the Company’s refineries as of December 31, 2021 are included in the following table:

Refinery

Metal

Annual interest rate

Expiration date(1)

Paulsboro

Platinum

1.47

%

December 2022

Delaware City

Palladium

3.70

%

September 2022

Toledo

Platinum

5.05

%

September 2022

Chalmette

Platinum

5.10

%

November 2022

Chalmette

Platinum

1.80

%

November 2022

Torrance

Platinum

1.78

%

July 2022

Martinez

Palladium

3.70

%

September 2022

__________________

(1) These catalyst financing arrangements are included in Long-term debt as of December 31, 2021 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,
2022			$	58.4
2023			1,525.0
2024			—
2025			1,919.5
2026			—
Thereafter			826.5
Total debt outstanding			$	4,329.4

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