Alon USA Partners begin $450M offering of senior notes

Alon USA Partners LP

Alon USA Partners LP (NYSE: ALDW) and its wholly owned subsidiary Alon USA Partners Finance Co. intend to offer $450 million aggregate principal amount of senior notes due 2022 in an offering to eligible purchasers. The notes initially will be guaranteed on a senior unsecured basis by all of Alon Partners' current subsidiaries (other than Alon Finance) and by certain future subsidiaries.

Alon Partners intends to use the net proceeds from the offering, together with an issuance of common units representing limited partner interests in Alon Partners to a subsidiary of Alon USA Energy Inc. (NYSE: ALJ) to fund the cash portion of its separately announced pending acquisition of Alon Energy's Krotz Springs refinery, to repay in full and terminate its term loan facility and for general partnership purposes, including repayment of borrowings under its revolving credit facility, if any.

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