Western Refining Logistics LP - 2016-05-16
Description
Priced a public offering of about 3.7 million common units representing limited partner interests at $21.73 each. Total gross proceeds will repay outstanding revolving credit facility borrowings, and possibly will support general partnership purposes including working capital, capex or acquisitions from Western Refining Inc. or third parties. Underwriters received a month-long option to purchase 562,500 additional units. Barclays is the sole book-running manager.