Western Refining Logistics (WNRL) Prices 7.5M Common Units Offering for Proceeds of ~$167M
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Western Refining Logistics Prices Offering of Common Units
September 7, 2016 8:45 PM EDTEL PASO, Texas, Sept. 07, 2016 (GLOBE NEWSWIRE) -- Western Refining Logistics, LP (NYSE: WNRL) today 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.
... MoreWestern Refining Logistics Announces Offering of Common Units
September 7, 2016 4:11 PM EDTEL PASO, Texas, Sept. 07, 2016 (GLOBE NEWSWIRE) -- 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... More
