Alon USA Partners LP - 2012-11-21
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 offering is expected to close on November 26, 2012. The underwriters have been granted a 30-day option to purchase up to an additional 1,500,000 common units. 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 & Co. Inc. is acting as lead managing underwriter and Macquarie Capital (USA) Inc. and Tudor, Pickering, Holt & Co. Securities Inc. are acting as co-managers.