XML 50 R36.htm IDEA: XBRL DOCUMENT v3.8.0.1
CREDIT FACILITY AND LONG-TERM DEBT (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Summary of long-term debt outstanding
Details on the catalyst leases at each of the Company’s refineries as of December 31, 2017 are included in the following table:
 
 
Annual lease fee
 
Annual interest rate
 
Expiration date
Paulsboro catalyst lease
 
$
140

 
2.20
%
 
December 2019
Delaware City catalyst lease
 
$
210

 
1.95
%
 
October 2019
Delaware City catalyst lease - Palladium
 
$
30

 
2.05
%
 
October 2019
Delaware City bridge lease (short lease)
 
$
3

 
1.69
%
 
February 2018 (1)
Delaware City bridge lease (long lease)
 
$
117

 
1.69
%
 
June 2018 (1)
Toledo catalyst lease
 
$
178

 
1.75
%
 
June 2020
Chalmette catalyst lease
 
$
185

 
3.85
%
 
November 2018 (2)
Chalmette catalyst lease
 
$
171

 
2.20
%
 
November 2019
Torrance catalyst lease
 
$
143

 
1.78
%
 
July 2019
Long-term debt outstanding consisted of the following:
 
 
 
December 31, 2017
 
December 31, 2016
2025 Senior Notes
 
$
725,000

 
$

2023 Senior Notes
 
500,000

 
500,000

2020 Senior Secured Notes
 

 
670,867

Revolving Loan
 
350,000

 
350,000

PBF Rail Term Loan
 
28,366

 
35,000

Catalyst leases
 
59,048

 
45,969

Unamortized deferred financing costs
 
(25,178
)
 
(25,277
)
 
 
1,637,236

 
1,576,559

Less—Current debt
 
(10,987
)
 

Long-term debt
 
$
1,626,249

 
$
1,576,559

Schedule of debt maturing in the next five years and thereafter
Debt maturing in the next five years and thereafter is as follows:
Year Ending December 31,
 
2018
$
16,066

2019
382,910

2020
10,072

2021
28,366

2022

Thereafter
1,225,000

 
$
1,662,414