Western Refining Logistics Announces Transactions

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Go back to Western Refining Logistics Announces Transactions

Western Refining Logistics (WNRL) Commences 5.25M Offering of Common Units

September 7, 2016 4:16 PM EDT

Western Refining Logistics, LP (NYSE: WNRL) today announced the commencement of an underwritten public offering of 5,250,000 common units representing limited partner interests. In connection with the offering, WNRL intends to grant the underwriter a 30-day option to purchase up to an additional 787,500 common units.

WNRL intends to use the net proceeds from this offering to repay all of the borrowings under its revolving credit facility and to fund a portion of the cash consideration payable for WNRLs previously announced acquisition (the SPPR Dropdown) of certain terminalling, storage and other... More