PBF Logistics plans initial public sale of 13.75 million common units

Barclays, UBS, Citigroup, Credit Suisse, Deutsche Bank will assist

By Devika Patel

Knoxville, Tenn., April 30 - PBF Logistics LP said it will sell 13.75 million common units in its initial public offering with a 30-day greenshoe of an additional 2,062,500 common units.

Barclays, UBS Investment Bank, Citigroup, Credit Suisse, Deutsche Bank Securities, Morgan Stanley and Wells Fargo Securities are the joint bookrunning managers.

The oil and gas company is based in Parsippany, N.J. The units are expected trade on the New York Stock Exchange under the symbol "PBFX."

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