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Western Refining Logistics, LP Announces Offering of Common Units

EL PASO, Texas, May 16, 2016 (GLOBE NEWSWIRE via COMTEX) --

Western Refining Logistics, LP WNRL, +1.16% 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.

WNRL plans to use the proceeds from this offering to repay borrowings outstanding under its revolving credit facility. WNRL may reborrow any amounts repaid under its revolving credit facility for general partnership purposes, which may include, among other things, funding working capital, capital expenditures or acquisitions from Western Refining, Inc. (Western) or third parties. Assuming the successful completion of Western's pending acquisition of Northern Tier Energy LP (Northern Tier), future acquisitions from Western may include pipeline and logistics assets currently owned by Northern Tier.

The common units are being offered and will be sold pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission (SEC). This press release shall not constitute an...


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