PARSIPPANY, N.J.--(BUSINESS WIRE)--PBF Energy Inc. (NYSE:PBF) (“PBF Energy”) announced today that the
underwritten secondary offering (the “Offering”) of 18,000,000 shares of
its Class A common stock by funds affiliated with The Blackstone Group
and First Reserve Management, L.P. (the “Selling Stockholders”) has been
priced for total gross proceeds (before underwriter’s discounts and
commissions) of approximately $540.0 million. The underwriters have
offered the shares of Class A common stock at prevailing market prices
or otherwise from time to time through the New York Stock Exchange, in
the over-the-counter-market, through negotiated transactions or
otherwise. The Selling Stockholders will receive all of the proceeds
from the Offering. The offering is expected to close on or about June
17, 2014, subject to customary closing conditions.
Citigroup and Deutsche Bank Securities are the underwriters of the
Offering. The offering of these securities is being made by means of a
prospectus supplement and the accompanying prospectus only, copies of
which may be obtained from Citigroup c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717 (tel: 800-831-9146) or from
Deutsche Bank Securities Inc., Attention: Prospectus Department, 60 Wall
Street, New York, New York 10005-2836 (tel: 800-503-4611), or by e-mail
at prospectus.cpdg@db.com.
This offering is being made pursuant to PBF Energy’s registration
statement relating to these securities, which has been filed with, and
declared effective by, the Securities and Exchange Commission. The
registration statement is available on the Commission’s web site at http://www.sec.gov
under the registrant’s name. This press release shall not constitute an
offer to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which such
an offer, solicitation, or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About PBF Energy Inc.
PBF Energy Inc. (NYSE:PBF) is one of the largest independent refiners in
North America, operating, through its subsidiaries, oil refineries and
related facilities in Delaware City, Delaware, Paulsboro, New Jersey and
Toledo, Ohio. Our mission is to operate our facilities in a safe,
reliable and environmentally sensitive manner, provide employees with a
safe and rewarding workplace, become a positive influence in the
communities where we do business, and provide superior returns to our
investors.
PBF Energy Inc. also indirectly owns the general partner and
approximately 50.2% of the limited partnership interest of PBF Logistics
LP (NYSE: PBFX).
