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Northern Tier Energy LP (NYSE: NTI) commenced an underwritten public offering of 9,000,000 common units representing limited partner interests in the Partnership held by Northern Tier Holdings LLC.
In addition, the Selling Unitholder anticipates granting the underwriters a 30-day option to purchase up to an additional 1,350,000 common units. The Partnership will not receive any proceeds from the sale of the common units in the Offering.
Barclays Capital Inc., BofA Merrill Lynch, Goldman, Sachs & Co., Citigroup Global Markets Inc., UBS Securities LLC, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., and J.P. Morgan Securities LLC are acting as bookrunners for the Offering and Macquarie Capital (USA) Inc. is acting as a co-manager for the Offering.
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