$PBF (PBF ENERGY) — 8-K: PBF closes $44.8M cash purchase of Torrance hydrogen plants, adds $342.2M debt

PBF Energy subsidiary PBF LLC closed its acquisition of two hydrogen production plants at the Torrance refinery from Air Products West Coast Hydrogen LLC on September 9, 2026, paying $44.8 million in cash at closing plus a promissory note recorded as approximately $342.2 million of debt, including estimated contingent payment obligations. PBF Holding derecognized the operating lease liability and related right-of-use asset tied to the prior hydrogen plant agreements upon closing. Separately, PBF Holding is in discussions with lenders to amend and extend its revolving credit facility maturity to 2031, with maximum borrowing capacity in the range of $3.5 billion to $4.0 billion, targeted to close by the end of the third quarter of 2026.

PBF Energy subsidiary PBF LLC closed its acquisition of two hydrogen production plants at the Torrance refinery from Air Products West Coast Hydrogen LLC on September 9, 2026, paying $44.8 million in