PBF Energy unveils $500 mln notes deal, shares up premarket

** Oil refiner PBF Energy's PBF.N shares up 1.1% at $79.20 in premarket trading on Mon as it seeks capital raise

** PBF shares up as energy stocks track crude prices higher following new strikes on Saudi Arabia energy infrastructure and attacks on ships in the Middle East compounded supply concerns

** Parsippany, New Jersey-based PBF announces private offering of $500 mln exchangeable notes due Jan 15, 2032

** Co intends to use net proceeds to fully repay/redeem its 7.875% unsecured notes due 2030

** Also intends to use some proceeds to fund capped call transactions, employed to help mitigate potential dilution

** PBF has about $9.3 bln market cap

** Shares finished up 1.6% on Fri, notching record high close of $78.30; they have surged 189% YTD, well outpacing 46% advance in S&P 400 Energy index .SPMDCEN

** Avg rating of 14 analysts is "hold"; median PT of $69 up from $43 on Jun 14, per LSEG