PBF Energy Announces Closing of $500 Million Credit Facility

August 01, 2018

New York - Paul Hastings LLP, a leading global law firm, represented PBF Logistics LP, a master limited partnership, as borrower in connection with a syndicated $500 million credit facility provided by Wells Fargo Bank, National Association (as arranger) and other financial institutions. PBF Logistics LP was 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. The proceeds of the credit extensions under the credit agreement may be used for working capital, acquisitions, and other general business purposes.

The Paul Hastings team was led by partner Andres Mena, along with associate Andres Loera, and Maciej Zielnik. Earlier this year, Paul Hastings advised another PBF Energy affiliate on a syndicated $3.4 billion senior secured revolving ABL credit facility.

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