Alon USA Partners LP, an owner and operator of refining and petroleum marketing business, filed on Friday with the SEC to raise up to $230 million in an initial public offering. Alon USA operates a refinery located in Big Spring, Texas. Alon USA's parent company, Alon Energy (NYSE: ALJ), is a refiner and marketer of petroleum that also operates 300 7-Eleven convenience stores.
The Dallas, TX-based company, which was formed in 2012 as an MLP and booked $3 billion in sales for the 12 months ended 6/30/2012, plans to list on the NYSE under the symbol ALDW. Alon Brands, the retail arm of Alon Energy Partners, had initially filed for an IPO in 2008 before withdrawing in May, 2012. Goldman Sachs, Credit Suisse, and Citi are the joint bookrunners on the deal. No pricing terms were disclosed.
