PBF Logistics LP Announces Extension of Exchange Offer for 6.875% Senior Notes Due 2023
PBF Logistics LP (NYSE: PBFX, the “Partnership”) announced today that it
has extended the deadline with respect to its offer to exchange up to
$330,090,000 of its 6.875% Senior Notes due 2023 (new notes), which have
been registered under the Securities Act of 1933 (Securities Act), for
$330,090,000 of its issued and outstanding 6.875% Senior Notes due 2023,
which are not registered under the Securities Act (old notes). As a
result of the extension, the exchange offer is now scheduled to expire
at 5:00 p.m., New York City time, on December 7, 2015, unless further
extended.
The exchange offer was scheduled to expire today at 12:00 a.m., New York
City time. As of 1:00 p.m., New York City time, on December 2, 2015
approximately $285,352,000 in aggregate principal amount, or 86%, of the
old notes had been validly tendered and not withdrawn. Except for the
extension of the expiration date, all of the other terms of the exchange
offer remain as set forth in the exchange offer prospectus, dated
October 30, 2015, filed with the U.S. Securities and Exchange
Commission, and the related letter of transmittal.
This press release is not an offer to exchange the new notes for the old
notes or the solicitation of an offer to exchange, which we are making
only through the exchange offer prospectus.
For copies of the exchange offer documents or additional information,
please contact the Exchange Agent, Deutsche Bank Trust Company Americas,
at:
Deutsche Bank Trust Company Americas
c/o DB Services Americas, Inc.
5022
Gate Parkway, Suite 200
Jacksonville, Florida 32256
Attn:
Reorg Dept
Cautionary Statement on Forward-Looking Statements
This press release contains forward-looking statements (as that term is
defined under the federal securities laws) made by the Partnership and
its management. Such statements are based on current expectations,
forecasts and projections, including, but not limited to, anticipated
financial and operating results, plans, objectives, expectations and
intentions that are not historical in nature. Forward-looking statements
should not be read as a guarantee of future performance or results, and
may not necessarily be accurate indications of the times at, or by
which, such performance or results will be achieved. Forward-looking
statements are based on information available at the time, and are
subject to various risks and uncertainties, including risks relating to
the securities markets generally, the impact of adverse market
conditions impacting PBFX's logistics and other assets and other risks
inherent in PBFX's business. For more information concerning factors
that could cause actual results to differ from those expressed or
forecasted, see PBFX's filings with the Securities and Exchange
Commission including the Partnership’s Annual Report on Form 10-K.
Forward-looking statements reflect information, facts and circumstances
only as of the date they are made. PBFX assumes no responsibility or
obligation to update forward-looking statements except as may be
required by law.
PBF Logistics LP
PBF Logistics LP, headquartered in Parsippany, New Jersey, is a
fee-based, growth-oriented master limited partnership formed by PBF
Energy Inc. to own or lease, operate, develop and acquire crude oil and
refined petroleum products terminals, pipelines, storage facilities and
similar logistics assets.
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