CREDIT FACILITY AND LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Summary of long-term debt outstanding

Long-term debt outstanding consisted of the following:

(in millions)	December 31, 2019			December 31, 2018
2025 Senior Notes	$	725.0		$	725.0
2023 Senior Notes		500.0			500.0
PBF Rail Term Loan		14.5			21.6
Catalyst financing arrangements		47.6			44.3
Revolving Credit Facility		—			—
		1,287.1			1,290.9
Less - Current debt		—			(2.4	)
Unamortized deferred financing costs		(24.3	)		(30.5	)
Long-term debt	$	1,262.8		$	1,258.0

Schedule of details of catalyst financing arrangements

Details of the catalyst financing arrangements at each of the Company’s refineries as of December 31, 2019 are included in the following table:

	Annual interest rate			Expiration date
Paulsboro catalyst financing arrangement		1.47	%		December 2022
Delaware City catalyst financing arrangement		1.35	%		October 2020	(1)
Toledo catalyst financing arrangement		1.75	%		June 2020	(1)
Chalmette catalyst financing arrangements		2.10	%		October 2021
		1.80	%		November 2022
Torrance catalyst financing arrangement		1.78	%		July 2022

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,
2020	$	21.4
2021		19.8
2022		20.9
2023		500.0
2024		—
Thereafter		725.0
	$	1,287.1