PBF Energy Inc. - 2015-10-06

Description

Priced a public offering of 10 million shares of its class A common stock, with an underwriters’ option of up to 1.5 million additional shares, at $31 per share. Proceeds will be used to fund the purchase of the Torrance refinery from ExxonMobil Corp. and related logistics assets. Morgan Stanley and Credit Suisse Securities (USA) LLC are joint global coordinators and book-runners. Barclays, Citigroup, Deutsche Bank Securities, UBS Investment Bank and Wells Fargo Securities are joint book-running managers. BNP PARIBAS, Credit Agricole CIB, MUFG, Natixis and Scotia Howard Weil are co-managers.

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Companies
Estimated Price
$356.5MM
Financing Type
Report Date