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Western Logistics prices upsized IPO at $22, above the range

October 9, 2013

Western Refining Logistics, an MLP formed by Western Refining to own midstream assets, raised $303 million by offering 13.75 million shares (10% above the 12.5 million shares originally planned) at $22, above the range of $19 to $21. Western Refining Logistics plans to list on the NYSE under the symbol WNRL. BofA Merrill Lynch, Barclays, Goldman Sachs and Wells Fargo acted as lead managers on the deal.