PBF Logistics to offer $300 million of senior notes

PBF Logistics LP (NYSE: PBFX) and its wholly owned subsidiary, PBF Logistics Finance Corp., intend to offer $300 million in aggregate principal amount of senior notes due 2023.

PBF Logistics intends to use the net proceeds from the private placement to repay a portion of the outstanding balance under its revolving credit facility, to pay a portion of any cash consideration payable by PBF Logistics in the proposed acquisition of the Delaware City Products Pipeline and Truck Rack from PBF Energy, and for general partnership purposes.

PBF Logistics LP, headquartered in Parsippany, New Jersey, 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.

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