PBF Logistics Completes Private Placement Of 6.875% Senior Notes, Due 2023 For US$175 Million

Published: Oct 03 2017
Deal Summary

PBF Logistics LP, a midstream company, completed the private placement of 6.875% senior notes, due 2023, for gross proceeds of US$175 million (MM). The notes were priced at 102% of the principal amount, plus accrued interest beginning from May 15, 2017.

The company intends to use the proceeds from the placement to repay outstanding debt under its revolving credit facility and for general partnership purposes.

Deal history

Completed: On October 6, 2017, PBF Logistics completed the private placement of 6.875% senior notes, due 2023, for gross proceeds of US$175 MM.

Pricing: On October 3, 2017, PBF Logistics upsized and priced the private placement of 6.875% senior notes, due 2023, for gross proceeds of US$175 MM.

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