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