Northern Tier Energy, Inc. IPO Info

Company Name: Northern Tier Energy, Inc.
Stock Symbol: NTI
Exchange: NYSE
Status: Priced
IPO Date: 7/26/2012
IPO Price: 14.00 (81.71%)

Underwriters

Goldman, Sachs & Co., BofA Merrill Lynch, Deutsche Bank Securities, J.P. Morgan, Macquarie Capital

Amount of Offering: N/A
Number of Shares Offered: 16.25 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A

Company Description

Northern Technologies International is an independent downstream energy limited partnership with refining, retail and pipeline operations that serves the PADD II region of the United States. They operate in two business segments: the refining business and the retail business.

Financial Data

For the three months ended March 31, 2012, the company had total revenues of approximately $1.0 billion, operating income of $2.7 million, a net loss of $193.6 million and Adjusted EBITDA of $81.5 million. For the year ended December 31, 2011, they had total revenues of $4.3 billion, operating income of $422.6 million, net earnings of $28.3 million and Adjusted EBITDA of $430.7 million.

News Headlines

• Northern Technologies Intl. (NTI) IPO Trades Higher
• Northern Tier Energy LP (NTI) Sets IPO Price Range Between $19 and $21/Unit
• Northern Tier Energy (NTI) Files $200M IPO