8-K: PBF closes $44.8M cash purchase of Torrance hydrogen plants, adds $342.2M note

PBF Energy subsidiary PBF LLC closed its acquisition of two hydrogen production plants at the Torrance refinery from Air Products West Coast Hydrogen 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 related operating lease liability and right-of-use asset upon closing. Separately, PBF Holding is in discussions with lenders to amend and extend its revolving credit facility to a 2031 maturity 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 on September 9, 2026, paying $44.8 million in cash