PBF ENERGY INC. FILES (8-K) Disclosing Termination of a Material Definitive Agreement

Edgar Glimpses |

Item 1.02. Termination of a Material Definitive Agreement



On June 27, 2014, PBF Holding Company LLC ("PBF Holding"), a subsidiary of PBF Energy Inc., a Delaware corporation (together with PBF Holding, the "Company"), gave notice that it will terminate the Amended and Restated Crude Oil Acquisition Agreement, dated as of March 1, 2012 as amended (the "Crude Oil Acquisition Agreement") with Morgan Stanley Capital Group Inc. ("MSCG") effective as of July 31, 2014. Under the terms of the Crude Oil Acquisition Agreement, the Company acquires substantially all of its crude oil for its subsidiary's Toledo refinery from MSCG through delivery at various interstate pipeline locations. No early termination penalties will be incurred by the Company as a result of the termination.

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