$WNR (Western Refining, Inc.)

$WNR {{ '2016-07-18T10:44:10+0000' | timeago}} • Announcement

Refining and marketing company $WNR said its BoD has approved a $0.38 per share dividend for 3Q16, payable Aug. 9, 2016 to holders of record on July 25, 2016.

$WNR {{ '2017-05-31T16:05:06+0000' | timeago}} • Announcement

$WNR said election forms were received with respect to about 88MM of its common stock in the aggregate for the shareholder election for consideration related to the acquisition of Western Refining by $TSO. Also, cash election option was selected with respect to around 10MM common shares. The merger is expected to be completed on June 1, 2017.

$WNR {{ '2017-05-30T21:04:14+0000' | timeago}} • Announcement

$WNR announced the start of a binding open season for the proposed new Conan Crude Oil Gathering Pipeline System to be constructed, owned and operated by its subsidiary, Western Refining Conan Gathering. The open season began on May 30, 2017 and will conclude on June 30, 2017.

$WNR {{ '2017-05-25T13:41:19+0000' | timeago}} • Announcement

$WNR said  the waiting period applicable to its proposed acquisition by $TSO pursuant to the Hart Scott Rodino (HSR) Act has terminated. This satisfies one of the final conditions to the closing of the pending acquisition. $WNR expects the closing to occur on June 1, 2017.

$TSO {{ '2017-05-09T11:02:58+0000' | timeago}} • Announcement

$TSO ended 1Q17 with $2.3Bil in cash and cash equivalents, which includes $1.6Bil of proceeds from the senior notes issued during 4Q related to the announced acquisition of $WNR. This was down from $3.3Bil at the end of 2016 primarily due to $TLLP's $705MM acquisition of the North Dakota Gathering and Processing Assets.

$TSO {{ '2017-05-09T11:02:45+0000' | timeago}} • Announcement

$TSO said it is excited about the transformation of the company through its pending acquisition of $WNR and the value creation as a result of synergies. The company expects to close the transaction in 2Q17 and look forward to sharing additional information regarding synergies and integration plans.

$WNR {{ '2017-04-17T12:05:35+0000' | timeago}} • Announcement

$WNR BoD approved a $0.38 per share dividend for 2Q17. The dividend will be paid on May 11, 2017, to shareholders as of April 26, 2017.

$WNR {{ '2017-03-24T17:52:14+0000' | timeago}} • Announcement

$WNR stockholders have approved its proposed acquisition by $TSO. Completion of the acquisition remains subject to the satisfaction or waiver of customary closing conditions and the transaction is expected to close in 1H17.

$WNR {{ '2017-02-28T13:24:23+0000' | timeago}} • Announcement

$WNR said it is looking forward to the completion of the pending $TSO transaction. Meanwhile, $WNR remains focused on safe and reliable operations while emphasizing operational efficiencies and managing its costs. The company will also continue to maximize the benefits of its investment in Western Refining Logistics.

$WNR {{ '2017-02-28T13:22:24+0000' | timeago}} • Announcement

$WNR slipped to a 4Q16 loss from a profit last year, due to higher operating costs and expenses. Net loss was $9.59MM or $0.09 per share compared to a profit of $13.55MM or $0.14 per share a year ago. Net sales grew to $2.12Bil from $2.07Bil. Excluding special items, loss per share was $0.07 compared to EPS of $0.56 a year earlier.

$WNR {{ '2017-01-04T22:01:47+0000' | timeago}} • Announcement

$WNR said its BoD approved a $0.38 per share dividend for 1Q17. The dividend will be paid on February 2, 2017, to shareholders of record on January 18, 2017.

$TSO {{ '2016-11-17T16:16:20+0000' | timeago}} • Announcement

$TSO agreed to buy $WNR at an implied current price of $37.30 per $WNR share in a stock transaction. This represents an enterprise value of $6.4Bil, including the assumption of about $1.7Bil of $WNR's net debt and $605MM market value of non-controlling interest in $WNRL. The transaction is expected to close in 1H17.

$WNR {{ '2016-10-13T22:15:21+0000' | timeago}} • Announcement

$WNR BoDs approved dividend for 4Q16 of $0.38 per share, payable on Nov. 8, 2016, to shareholders of record at the close of market on Oct. 24, 2016.

$WNR {{ '2016-09-15T21:06:05+0000' | timeago}} • Announcement

Refining company $WNR has closed the sale of certain terminalling, storage and other logistics assets from St. Paul Park Refining Co. (SPPR), a wholly-owned subsidiary of Northern Tier Energy and indirect wholly-owned subsidiary of $WNR to $WNRL. The purchase price paid by $WNRL to SPPR consisted of $195MM in cash and $15MM of $WNRL common units.

$WNR {{ '2016-09-08T11:52:20+0000' | timeago}} • Announcement

$WNR said the logistics assets to be acquired by $WNRL are expected to generate 2016 estimated operating income of $16MM and EBITDA of $24.7MM. Upon closing, SPPR and a subsidiary of $WNRL plan to enter into a 10-year terminalling, transportation and storage services agreement containing certain minimum volume commitments by SPPR.

$WNR {{ '2016-09-08T11:52:02+0000' | timeago}} • Announcement

$WNR said $WNRL expects to fund the SPPR acquisition with a combination of proceeds from a public equity offering and revolver borrowings. The transaction is expected to close on or about September 15, 2016. The acquisition is expected to contribute to the 15% annual distribution growth guidance through 2018.

$WNR {{ '2016-09-08T11:51:48+0000' | timeago}} • Announcement

Refining company $WNR, along with $WNRL, announced it has entered into an agreement with $WNRL and St. Paul Park Refining Co. (SPPR), a subsidiary of Northern Tier Energy, to acquire certain terminalling, storage and other logistics assets for $210MM, comprised of $195MM in cash and $15MM of $WNRL common units issued to SPPR.

$WNR {{ '2016-07-18T10:44:10+0000' | timeago}} • Announcement

Refining and marketing company $WNR said its BoD has approved a $0.38 per share dividend for 3Q16, payable Aug. 9, 2016 to holders of record on July 25, 2016.

$WNR {{ '2016-06-23T21:51:59+0000' | timeago}} • Announcement

Energy companies $WNR and $NTI said, a special meeting of $NTI common unitholders held on June 23, voted to approve the previously announced merger of $NTI and a subsidiary of $WNR.

$WNR {{ '2016-05-31T14:19:42+0000' | timeago}} • Announcement

Independent refining and marketing company $WNR said that it successfully syndicated a $500MM Term Loan B-2, which has a seven-year maturity and is priced at LIBOR plus 4.5%. This will be used to fund a portion of the purchase price for the previously announced acquisition of the remaining publicly-traded units of $NTI.

$WNR {{ '2016-05-18T12:34:13+0000' | timeago}} • Announcement

$WNR said it launched syndication of new senior secured term loan credit facility (Term Loan B-2). The principal of proposed term loan is expected to be $500MM, have maturity of 7 years and rank pari passu with $WNR's existing term loan (Term Loan B-1). The Term Loan B-2 is expected to close concurrent with closing $NTI purchase in late June.

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