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CREDIT FACILITY AND LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Summary of long-term debt outstanding
Long-term debt outstanding consisted of the following:
 
(in millions)December 31, 2020December 31, 2019
2025 Senior Secured Notes $1,250.6 $— 
2028 Senior Notes 1,000.0 — 
2025 Senior Notes 725.0 725.0 
2023 Senior Notes— 500.0 
Revolving Credit Facility 900.0 — 
PBF Rail Term Loan 7.4 14.5 
Catalyst financing arrangements 102.5 47.6 
3,985.5 1,287.1 
Less - Current debt(7.4)— 
Unamortized deferred financing costs (45.3)(24.3)
Long-term debt$3,932.8 $1,262.8 
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, 2020 are included in the following table:

RefineryMetal Annual interest rateExpiration date
Paulsboro Platinum 1.47 %December 2022
Delaware CityPlatinum2.75 %
October 2021(1)
Delaware CityPalladium3.45 %
September 2021(1)
ToledoPlatinum4.05 %
September 2021(1)
Chalmette Platinum2.10 %
October 2021(1)
Chalmette Platinum1.80 %November 2022
TorrancePlatinum1.78 %July 2022
Martinez Platinum4.05 %
September 2021(1)
Martinez Palladium3.45 %
September 2021(1)
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, 
2021$86.3 
202223.6 
2023900.0 
2024— 
20251,975.6 
Thereafter1,000.0 
$3,985.5