trending Market Intelligence /marketintelligence/en/news-insights/trending/ap6pxma2duollp_tigy79a2 content esgSubNav
In This List

PBF Energy launches public offering of common stock

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Insight Weekly: Cryptocurrency's growth; green bond market outlook; coal investors' windfall

Blog

Insight Weekly: Challenges for European banks; Japan's IPO slowdown; carmakers' supply woes


PBF Energy launches public offering of common stock

PBF Energy Inc launched a public offering of 6 million shares of its class A common stock, with underwriters having a 30-day option to purchase up to 900,000 additional shares, according to an Aug. 9 release.

Proceeds from the offering will be used to pursue strategic capital projects, which may include constructing a hydrogen plant facility at its Delaware city refinery and restarting certain idle units at its Chalmette refinery. The company may also use a portion of the proceeds for general corporate purposes, which include debt repayments and funding working capital requirements.

RBC Capital Markets is the sole acting underwriter for the offering.