Western Refining Inc. (NYSE: WNR) has priced its private offering of US $350 million senior notes due 2021.
The notes will bear an interest rate of 6.25% per annum and will be issued at 100% plus accrued interest, if any, from March 25.
Net proceeds will be used to repurchase any and all of its outstanding 11.250% senior secured notes due 2017 in a concurrent tender offer and related consent solicitation, pay any related fees and expenses, including any applicable consent solicitation fees, tender premiums and accrued interest on the ...