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Western Refining Logistics, LP

Company Summary

Description

Western Refining Logistics, LP (NYSE: WNRL) is principally a fee-based, growth-oriented master limited partnership formed by Western Refining, Inc. (NYSE: WNR) to own, operate, develop and acquire terminals, storage tanks, pipelines and other logistics assets related to the terminalling, transportation and storage of crude oil and refined products. Headquartered in El Paso, Texas, Western Refining Logistics, LP's assets include approximately 685 miles of pipelines, approximately 8.2 million barrels of active storage capacity, distribution of wholesale petroleum products and crude oil trucking.

Website

http://www.wnr.com/wnrl

Financial Data:

NYSE:WNRL from Google Finance

Tickers:

  • WNRL - New York Stock Exchange

Recent news

  • 9/29/2017 - Andeavor Logistics Sets... (subscriber access)
  • 8/14/2017 - Andeavor Logistics to... (subscriber access)
  • 8/14/2017 - Andeavor Reports Plans... (subscriber access)

Investor Presentations

Company Transactions

Date: 10/30/2017
Type: Merger

BUYERS:
  • Andeavor Logistics LP
    • SELLERS:
  • Western Refining Logistics, LP
    • DETAILS:
    NOTES:
    Under the terms of the Merger agreement, WNRL unitholders will receive an exchange ratio of 0.5233 ANDX common units for each WNRL common unit held. The exchange ratio of 0.5233 is valued at $25.28 per WNRL common unit, reflecting a premium of 6.4% based on WNRL’s closing unit price on August 11, 2017. It also represents a 6.9% premium to the volume weighted average closing price over the last 30 trading days.
    REGIONS:
  • United States