PBF Energy Inc. - 2015-10-13
Closed the public offering of 10 million shares of its class A common stock at $31 per share, with the underwriters’ option of up to 1.5 million additional shares exercised in full. 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.