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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., May. 25, 10:49 AM

Slide #21. Western Refining Logistics, LP Secondary Offering

Company: Western Refining Logistics, LP (NYSE:WNRL)
Date announced: 5/16/2016
Shares Offered: 3,750,000
Date of Pricing: 5/16/2016
Price Per Share: $21.73
Secondary Offering Details: Western Refining Logistics, LP (NYSE:WNRL) today announced the commencement of a registered underwritten public offering of 3,750,000 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 562,500 common units. -updated 5/16 - Western Refining Logistics, LP (NYSE:WNRL) today announced the pricing of a registered underwritten public offering of 3,750,000 common units representing limited partner interests, at a public offering price of $21.73 per common unit. The total gross proceeds (before the underwriting discount and estimated offering expenses) will be approximately $81 million. In connection with the offering, WNRL granted the underwriter a 30-day option to purchase up to an additional 562,500 common units. The offering is expected to close on May 20, 2016, subject to certain closing conditions.

Western Refining Logistics owns, operates, develops and acquires logistics and related assets and businesses to include terminals, storage tanks, pipelines and other logistics assets related to the terminalling, transportation, storage and distribution of crude oil and refined products. Co.'s operations are organized into two operating segments: logistics and wholesale. Co.'s pipeline and gathering assets support crude oil supply options for Western Refining, Inc.'s El Paso and Gallup Refineries as well as third parties. Co.'s wholesale segment distributes commercial wholesale petroleum products primarily in Arizona, California, Colorado, Nevada, New Mexico and Texas.
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Company Name:  Western Refining Logistics LP
Website:  www.wnrl.com
Sector:  Oil & Gas Equipment & Services
Number of ETFs Holding WNRL:  1
Total Market Value Held by ETFs:  $84248
 

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May 25, 2016    10:49 AM Eastern
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