Western Refining Logistics LP (NYSE: WNRL) and its wholly owned subsidiary WNRL Finance Corp. priced a private placement of senior unsecured notes, Western Refining said Feb. 6.
There was $300 million, in aggregate principal amount, of 7.5% notes due 2023.
Some of the net proceeds will repay the outstanding revolving credit facility balance. The remainder will support general partnership purposes.
The offer is scheduled to close Feb. 11, the company said.
El Paso, Texas-based Western Refining Logistics LP focuses on midstream operations in the Southwest.
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