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PBF Logistics LP prices IPO at $23, above the range

May 9, 2014

PBF Logistics LP, an MLP formed by refiner PBF Energy to operate crude oil logistics assets, raised $316 million by offering 13.8 million shares at $23, above the range of $19 to $21. PBF Logistics plans to list on the NYSE under the symbol PBFX. Barclays and UBS led the underwriting team.