PBF Energy Prices 15.95M Share Secondary Offering at $27.00/Share - InvestingChannel

PBF Energy Prices 15.95M Share Secondary Offering at $27.00/Share

PBF Energy Inc. (NYSE: PBF) announced today the pricing of an

underwritten public offering of 15,950,000 shares of its Class A Common

Stock at a price of $27.00 per share. All of the shares are being sold

by funds affiliated with First Reserve Corporation and Blackstone (the

“Selling Shareholders”). In addition, the Selling Shareholders have

granted the underwriters a 30-day option to purchase up to an additional

2,392,500 shares of Class A Common Stock. PBF Energy will not receive

any of the proceeds from the offering. The offering is expected to close

on June 12, 2013, subject to satisfaction of customary closing

conditions.

The joint bookrunning managers of the offering are Citigroup, Morgan

Stanley, Credit

See full press release Posted in: News, Guidance, Contracts, Management, Global