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PBF Energy Inc.
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
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