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 [Table Text Block]

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