PBF Energy Prices 10M Share Offering @$31.00/Share

PARSIPPANY, N.J.--(BUSINESS WIRE)-- PBF Energy Inc.

announced Tuesday, that it has priced its previously announced underwritten public offering (the "Offering") of 10,000,000 shares of its Class A common stock at $31.00 per share. The underwriters of the Offering have a 30-day option to purchase up to 1,500,000 additional shares. The Offering is expected to close on October 13, 2015, subject to customary closing conditions. PBF expects to use the net proceeds from the Offering to fund a portion of the purchase price for our recently announced pending acquisition of the Torrance refinery and related logistics assets. However, subject to the timing of the closing of this acquisition, we may use the net proceeds of the Offering to pay down indebtedness