|By PR Newswire||
|January 17, 2013 07:26 PM EST||
RIDGEFIELD, Conn., Jan. 17, 2013 /PRNewswire/ -- Northern Tier Energy LP (NYSE: NTI), a Delaware limited partnership ("Northern Tier Energy" or the "Partnership"), announced today the pricing of an underwritten public offering of 10,700,000 common units representing limited partner interests in the Partnership (the "Offering") held by Northern Tier Holdings LLC (the "Selling Unitholder") at a price to the public of $24.46 per unit. The common units are being sold in the offering pursuant to a registration statement on Form S-1 previously filed with the Securities and Exchange Commission (the "Commission"). In addition, the Selling Unitholder has granted the underwriters a 30-day option to purchase up to an additional 1,605,000 common units. The Partnership will not receive any proceeds from the sale of the common units in the Offering. The Offering is expected to close on January 24, 2013, subject to customary closing conditions.
Barclays Capital Inc., BofA Merrill Lynch, Goldman, Sachs & Co., Citigroup Global Markets Inc., UBS Securities LLC, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., and J.P. Morgan Securities LLC are acting as bookrunners for the Offering and Macquarie Capital (USA) Inc. is acting as a co-manager for the Offering. The Offering is being made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, copies of which, when available, may be obtained from:
Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
email: [email protected]
BofA Merrill Lynch
New York, NY 10038
Attention: Prospectus Department
email: [email protected]
Goldman, Sachs & Co.
Citigroup Global Markets Inc.
Edgewood, NY 11717
email: [email protected]
UBS Securities LLC
Credit Suisse Securities (USA) LLC
Deutsche Bank Securities Inc.
J.P. Morgan Securities LLC
Edgewood, NY 11717
A registration statement relating to these securities has been filed with, and declared effective by, the Commission. The registration statement is available on the Commission's web site at http://www.sec.gov under the registrant's name, "Northern Tier Energy LP." This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Northern Tier Energy
Northern Tier Energy is an independent downstream energy company headquartered in Ridgefield, CT with refining, retail, and pipeline operations serving the PADD II region of the United States. Northern Tier Energy was established to own and operate the St. Paul Park Refinery as well as a retail network of SuperAmerica brand convenience stores and a 17% equity interest in the Minnesota Pipe Line.
This press release contains certain "forward-looking statements" which reflect our views and assumptions on the date of this press release regarding future events. They involve known and unknown risks, uncertainties and other factors, many of which may be beyond our control, that may cause actual results to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. All forward-looking statements speak only as of the date hereof. We undertake no obligation to update or revise publicly any such forward-looking statements. We caution you not to place undue reliance on these forward-looking statements. Please refer to our filings with the SEC for more detailed information regarding these risks, uncertainties and assumptions.
SOURCE Northern Tier Energy LP
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