Search the web
Welcome, Guest
[Sign Out, My Account]

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
PBF > SEC Filings for PBF > Form 8-K on 1-Jul-2013All Recent SEC Filings

Show all filings for PBF ENERGY INC.

Form 8-K for PBF ENERGY INC.


Entry into a Material Definitive Agreement

Item 1.01 Entry Into a Material Definitive Agreement.

On June 26, 2013, PBF Holding Company LLC ("PBF Holding"), an indirect subsidiary of PBF Energy Inc., and two of its wholly-owned subsidiaries, Paulsboro Refining Company LLC and Delaware City Refining Company LLC (collectively "PBF") entered into two separate inventory intermediation agreements ("Intermediation Agreements") with J. Aron & Company ("J. Aron"). The agreements commence upon PBF's termination of its inventory offtake agreements with Morgan Stanley Capital Group Inc. as previously described in our Form 8-K dated January 2, 2013.
Pursuant to the Intermediation Agreements, J. Aron will purchase and hold title to all of the intermediate and finished products (the "Products") produced by the Paulsboro and Delaware City refineries (the "Refineries") and delivered into PBF's tanks at the Refineries. Furthermore, J. Aron agrees to sell the Products back to PBF as the Products are discharged out of the Refineries' tanks. J. Aron has the right to store the Products purchased in PBF's tanks under the Intermediation Agreements and will retain these storage rights for the term of the agreements. PBF will market and sell the Products independently to third parties.
The Intermediation Agreements expire on July 1, 2015, subject to certain early termination rights, and include a one-year renewal clause by mutual consent of both parties.

  Add PBF to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for PBF - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.