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

DALLAS, Nov. 26, 2012 /PRNewswire/ -- Alon USA Partners, LP, a Delaware limited partnership ("Alon Partners") (NYSE: ALDW), announced today that it 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.

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 public owns an 18.4% limited partner interest in Alon Partners.

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.

 

SOURCE Alon USA Partners, LP