Northern Tier prices public offering of common units

Northern Tier Energy LP

Northern Tier Energy LP (NYSE: NTI), a Delaware limited partnership (the "Partnership"), reports that Northern Tier Holdings LLC (the "Selling Unitholder") will sell, subject to market conditions, 11,500,000 common units representing limited partner interests in the Partnership (the "Offering") at a price to the public of $22.85 per unit in a registered public offering. In addition, the Selling Unitholder has granted the underwriters a 30-day option to purchase up to an additional 1,725,000 units. 

The Partnership will not receive any proceeds from the sale of the common units in the Offering and the Offering has no dilutive effect as the number of common units outstanding will remain unchanged after the Offering, which is expected to close August 19, subject to customary closing conditions.

Barclays Capital Inc., BofA Merrill Lynch, Goldman, Sachs & Co., Citigroup, Credit Suisse Securities (USA) LLC, UBS Securities LLC, Deutsche Bank Securities Inc., and J.P. Morgan Securities LLC are acting as bookrunners for the Offering, and Macquarie Capital (USA) Inc. and TPG Capital BD LLC are acting as co-managers for the Offering. 

Northern Tier Energy is an independent downstream energy company headquartered in Ridgefield, Connecticut, with refining, retail and pipeline operations serving the PADD II region of the US.

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