Philadelphia Energy Solutions, a Carlyle-backed owner of a crude oil refinery and rail terminal in Philadelphia, filed on Tuesday with the SEC to raise up to $300 million in an initial public offering.
PES is backed by The Carlyle Group (CG) and Energy Transfer Partners LP (ETP).
The IPO candidate operates PES Logistics (PESL), an MLP that filed for a $250 million IPO in September.
The Philadelphia, PA-based company, which was formed in 2015 and booked $13.8 billion in sales for the 12 months ended September 30, 2014, plans to list on the NYSE under the symbol PESC. BofA Merrill Lynch and Credit Suisse are the joint bookrunners on the deal. No pricing terms were disclosed.
