PES Logistics Partners LP, an MLP formed to own interests in a crude oil rail unloading terminal in Philadelphia, filed on Monday with the SEC to raise up to $250 million in an initial public offering.
The Philadelphia, PA-based company, which was founded in 2014, plans to list on the NYSE under the symbol PESL. BofA Merrill Lynch and Credit Suisse are the joint bookrunners on the deal. No pricing terms were disclosed.
