Cahill Represents Initial Purchasers in $350 Million Notes Offering by PBF Logistics
Date: 05/12/15
Cahill represented Deutsche Bank Securities and Citigroup as joint global coordinators and bookrunners; BofA Merrill Lynch, MUFG, RBC Capital Markets, and Wells Fargo Securities as joint book-running managers; and the co-managers in connection with the Rule 144A offering of $350,000,000 aggregate principal amount of 6.875% Senior Notes due 2023 of PBF Logistics LP and PBF Logistics Finance Corporation, subsidiaries of PBF Energy. Proceeds from the offering were used to repay a portion of the outstanding balance under its revolving credit facility, to pay a portion of the cash consideration payable by PBF Logistics in the pending acquisition of the Delaware City Products Pipeline and Truck Rack from PBF Energy, and for general partnership purposes.