Western Refining Logistics Announces Offering of Common Units

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Go back to Western Refining Logistics Announces Offering of Common Units

Western Refining Logistics (WNRL) Prices 7.5M Common Units Offering for Proceeds of ~$167M

September 8, 2016 6:10 AM EDT

Western Refining Logistics, LP (NYSE: WNRL) announced the pricing of a registered underwritten public offering of 7,500,000 common units representing limited partner interests, at a public offering price of $22.32 per common unit. The total gross proceeds (before the underwriting discount and estimated offering expenses) will be approximately $167.4 million. In connection with the offering, WNRL granted the underwriter a 30-day option to purchase up to an additional 1,125,000 common units. The offering is expected to close on September 13, 2016, subject to certain closing conditions.

WNRL intends to use the net proceeds from this... More