|By PR Newswire||
|November 9, 2012 06:42 AM EST||
DALLAS, Nov. 9, 2012 /PRNewswire/ -- Alon USA Partners, LP, a Delaware limited partnership ("Alon Partners"), announced today that it has commenced an initial public offering of 10,000,000 common units representing limited partner interests in Alon Partners pursuant to a registration statement on Form S-1 previously filed with the Securities and Exchange Commission (the "SEC"). The underwriters will be granted a 30-day option to purchase up to an additional 1,500,000 common units. The common units will be listed on the New York Stock Exchange and traded under the symbol "ALDW".
Alon Partners was formed by Alon USA Energy, Inc. ("Alon USA") (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. The common units being offered to the public represent 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. When available, a written prospectus, which meets the requirements of Section 10 of the Securities Act of 1933, may be obtained through:
Goldman, Sachs & Co. Attention: Prospectus Department 200 West Street, New York, NY 10282 (866) 471-2526 [email protected]
Credit Suisse Securities (USA) LLC Attention: Prospectus Department One Madison Avenue New York, NY 10010 (800) 221-1037 [email protected]
Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (800) 831-9146 [email protected]
When available, to obtain a copy of the preliminary prospectus free of charge, visit the SEC's website and search under the registrant's name, "Alon USA Partners, LP".
A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
This press release contains "forward-looking" statements within the meaning of the federal securities laws. These statements contain words such as "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "future," "intend," and "may" and can be impacted by numerous factors, including the risk that an initial public offering of Alon Partners may not occur, risks relating to the securities markets generally, the impact of adverse market conditions affecting Alon USA's refining and marketing business or Alon Partners' business, adverse changes in laws, including with respect to tax and regulatory matters, and other risks. There can be no assurance that actual results will not differ from those expected by management of Alon USA or Alon Partners. For more information concerning factors that could affect these statements, see the registration statement relating to these securities and Alon USA's annual report on Form 10-K for the year ended December 31, 2011 and its quarterly reports on Form 10-Q for the quarters ended March 31, 2012, June 30, 2012 and September 30, 2012, each filed with the SEC. Neither Alon USA nor Alon Partners undertake any obligation to update or revise such forward-looking statements to reflect events or circumstances that occur, or which Alon USA or Alon Partners becomes aware of, after the date hereof.
Amir Barash, Vice President - IR
Alon USA Energy, Inc.
Investors: Jack Lascar/Sheila Stuewe
DRG&L / 713-529-6600
Media: Blake Lewis
Lewis Public Relations
SMG Public Relations
SOURCE Alon USA Partners, LP
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