PBF Energy Inc. PBF announced Friday the pricing of an underwritten public offering of 15,950,000 shares of its Class A Common Stock at a price of $27 per share.
All of the shares are being sold by funds affiliated with First Reserve Corporation and Blackstone . In addition, the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 2,392,500 shares of Class A Common Stock. PBF Energy will not receive any of the proceeds from the offering. The offering is expected to close on June 12, 2013, subject to satisfaction of customary closing conditions.
The joint bookrunning managers of the offering are Citigroup, Morgan Stanley, Credit Suisse and Deutsche Bank Securities. UBS Investment Bank, Barclays and Wells Fargo Securities are the senior co-managers.
The offering is being made solely by means of a prospectus. A copy of the final prospectus may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (tel:800-831-9146), or by email at batprospectusdept@citigroup.com, and Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, or by email at prospectus@morganstanley.com.
