PES Logistics Partners Files Registration Statement for Initial Public Offering
PHILADELPHIA, Sept. 22, 2014 /PRNewswire/ -- Philadelphia Energy Solutions, LLC (PES) announced today that its wholly owned subsidiary, PES Logistics Partners, L.P., has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") related to the proposed initial public offering of its common units representing limited partner interests. The number of common units to be offered and the price range for the offering have not yet been determined.
BofA Merrill Lynch and Credit Suisse are acting as joint book-running managers for the proposed offering. The offering will be made only by means of a prospectus. Once it becomes available, potential investors can obtain a preliminary prospectus related to this offering from:
BofA Merrill Lynch 222 Broadway New York, New York 10038 Attention: Prospectus Department Email: [email protected]
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Credit Suisse One Madison Avenue New York, New York 10010 Attention: Prospectus Department Telephone: (800) 221-1037 Email: [email protected]
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In addition, to obtain a copy of the preliminary prospectus, when available, free of charge, visit the SEC's website (www.sec.gov) and search under "PES Logistics Partners, L.P."
A registration statement relating to these securities has been filed with the SEC but has not become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
Contact:
Cherice Corley
(215) 339-7061
[email protected]
About Philadelphia Energy Solutions
Philadelphia Energy Solutions LLC owns and operates the Point Breeze and Girard Point oil refineries located on an integrated, 1,440 acre refining complex in Philadelphia.
About PES Logistics Partners
PES Logistics Partners is a Delaware limited partnership formed by PES Holdings, LLC, a wholly owned subsidiary of Philadelphia Energy Solutions LLC, to own, operate, develop and acquire crude oil, refined product and other logistics assets.
SOURCE Philadelphia Energy Solutions
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