PBF Logistics LP
Description
Deutsche Bank Securities, the underwriter of its public offering of 4 million common units representing limited partner interests, exercised its option to purchase an additional 375,000 common units. PBF used a portion of the proceeds to fund part of the purchase price for its recently completed acquisition of a 50% interest in Torrance Valley Pipeline Co. LLC from an affiliate of PBF Energy Inc. The remaining proceeds will support general partnership purposes.