Alon USA Energy, Inc. Announces Closing of Initial Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Common Units of Its Subsidiary, Alon USA Partners, LP

DALLAS, Nov. 26, 2012 /PRNewswire/ -- Alon USA Energy, Inc. (NYSE: ALJ) ("Alon USA") announced today that its subsidiary, Alon USA Partners, LP, a Delaware limited partnership ("Alon Partners") (NYSE: ALDW), has closed its initial public offering of 10,000,000 common units representing limited partner interests in Alon Partners at $16.00 per common unit. In connection with the initial public offering, the underwriters exercised in full their option to purchase an additional 1,500,000 common units from Alon Partners. As a result, the total initial public offering size was 11,500,000 common units and total gross proceeds were $184 million. Alon USA used approximately $171.1 million of the net proceeds of the offering to reduce its $450 million term loan that closed on November 13, 2012. Alon USA owns an 81.6% limited partner interest and a 100% general partner interest in Alon Partners.

Alon Partners was formed by Alon USA 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.

Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC and Citigroup acted as joint book-running managers, Jefferies & Company, Inc. acted as lead managing underwriter, and Macquarie Capital (USA) Inc. and Tudor, Pickering, Holt & Co. Securities, Inc. acted as co-managers.

The offering of common units was made only by means of a prospectus. The 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 prospectus-ny@ny.email.gs.com

Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010 (800) 221-1037 newyork.prospectus@credit-suisse.com

Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (800) 831-9146 BATProspectusdept@citi.com

To obtain a copy of the prospectus free of charge, visit the SEC's website at http://www.sec.gov and search under the registrant's name, "Alon USA Partners, LP".

A registration statement relating to these securities has been filed with, and declared effective by, the SEC. This press release shall not constitute an offer to sell or a 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.

About Alon USA Energy, Inc.

Alon USA Energy, Inc., headquartered in Dallas, Texas, is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the United States. The Company directly owns crude oil refineries in California, Louisiana and Oregon, with an aggregate crude oil throughput capacity of approximately 180,000 barrels per day. Alon USA also owns 100% of the general partner and approximately 82% of the limited partner interests in Alon USA Partners, LP (NYSE: ALDW), which owns a crude oil refinery in Texas with an aggregate crude oil throughput capacity of approximately 70,000 barrels per day. Alon USA is a leading producer of asphalt, which it markets through its asphalt terminals predominately in the Western United States. Alon USA is the largest 7-Eleven licensee in the United States and operates approximately 300 convenience stores in Texas and New Mexico.

Contacts:

Amir Barash, Vice President - IR


Alon USA Energy, Inc.


972-367-3808




Investors: Jack Lascar/Sheila Stuewe


DRG&L / 713-529-6600




Media: Blake Lewis


Lewis Public Relations


214-635-3020


Ruth Sheetrit


SMG Public Relations


011-972-547-555551

SOURCE Alon USA Energy, Inc.



RELATED LINKS
http://www.alonusa.com

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