PBF Logistics to repay revolver debt using proceeds from add-on notes

By Sarah Lizee

Olympia, Wash., Oct. 3 – PBF Logistics LP plans to repay a portion of the debt under its revolving credit facility using proceeds from a $150 million add-on to its 6 7/8% senior notes due 2023, according to a press release.

The company said proceeds will also be used to general corporate purposes.

PBF Logistics is a Parsippany, N.J.-based crude oil pipeline transportation and terminal services provider.

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