Alon USA Partners (ALDW) Prices 10M Common IPO at $16/Unit

November 20, 2012 6:04 AM EST
Alon USA Partners, LP, a Delaware limited partnership (NYSE: ALDW), announced today that it has priced its initial public offering of 10,000,000 common units representing limited partner interests in Alon Partners at $16.00 per common unit. The common units are expected to begin trading on the New York Stock Exchange under the symbol "ALDW" on November 20, 2012. The offering is expected to close on November 26, 2012, subject to customary closing conditions. The underwriters have been granted a 30-day option to purchase up to an additional 1,500,000 common units.

Alon Partners was formed by Alon USA Energy, Inc. (NYSE: ALJ) to own, operate and grow its strategically located crude oil refinery in Big Spring, Texas, with total throughput capacity of approximately 70,000 barrels per day, and the related petroleum products marketing business. Upon conclusion of the offering, the public will own a 16% limited partner interest in Alon Partners, or an 18.4% limited partner interest if the underwriters exercise their option to purchase additional common units in full.

Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC and Citigroup are acting as joint book-running managers, Jefferies & Company, Inc. is acting as lead managing underwriter and Macquarie Capital (USA) Inc. and Tudor, Pickering, Holt & Co. Securities, Inc. are acting as co-managers.

The offering of common units will be made only by means of a prospectus. The prospectus, which meets the requirements of Section 10 of the Securities Act of 1933, may be obtained through:

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