Cahill Represents Placement Agent in Registered Direct Offering for PBF Logistics LP
Date: 04/29/19
In connection with a registered direct offering by PBF Logistics LP (NYSE: PBFX) of an aggregate of 6,585,500 common units representing limited partner interests in PBF Logistics LP (“common units”) for gross proceeds of approximately $135.0 million (or a price of $20.50 per common unit), Cahill represented the placement agent with respect to the sale of 5,735,000 of such common units to certain institution investors. Proceeds from the registered direct offering are expected to be used to finance a portion of the acquisition of the remaining fifty percent interest in Torrance Valley Pipeline Company LLC from an affiliate of PBF Energy Inc. and, if such acquisition is not consummated, for general partnership purposes. PBF Logistics LP is a fee-based, growth-oriented master limited partnership formed by PBF Energy Inc. to own or lease, operate, develop and acquire crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets.