On Dec. 16, 2020, Kramer Levin client PBF Energy Inc. (NYSE: PBF) announced that its indirect subsidiary, PBF Holding Company LLC (PBF Holding), priced an add-on Rule 144A offering of $250.0 million in aggregate principal amount of 9.25% senior secured notes due 2025. PBF Holding intends to use the net proceeds from the offering for general corporate purposes.