AFFILIATE NOTES PAYABLE

12 Months Ended

Dec. 31, 2016

INTERCOMPANY NOTE PAYABLE [Abstract]

AFFILIATES NOTES PAYABLE

During 2013, PBF Holding entered into notes payable with PBF Energy and PBF LLC. As of December 31, 2016 and 2015, PBF Holding had outstanding notes payable with PBF Energy and PBF LLC for an aggregate principal amount of $86,298 and $470,047, respectively. The notes have an interest rate of 2.5% and a five-year term but may be prepaid in whole or in part at any time, at the option of PBF Holding, without penalty or premium.

During 2016, PBF LLC converted $379,947 of the outstanding notes payable from PBF Holding to a capital contribution.