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PBF Logistics LP launches IPO

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    Parsippany-based PBF Logistics LP, a master limited partnership formed by subsidiaries of PBF Energy Inc., announced Wednesday that it has launched an initial public offering of 13.75 million units.

    According to the announcement, underwriters of the offering will be given a 30-day option to purchase up to an additional 2.06 units from PBF Logistics at the IPO price.

    Barclays and UBS Investment Bank will serve as the joint bookrunners and structuring agents of the offering, the announcement said.  Citigroup, Credit Suisse, Deutsche Bank Securities, Morgan Stanley and Wells Fargo Securities will also serve as joint bookrunners.

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    Emily Bader

    Emily Bader

    Emily Bader is the copy and web editor at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com or @emilybader on Twitter.

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