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Alon USA Energy, Inc. Announces The Pricing Of The Initial Public Offering Of Its Subsidiary, Alon USA Partners, LP

November 20, 2012

DALLAS, Nov. 20, 2012 /PRNewswire/ — Alon USA Energy, Inc. (NYSE: ALJ) (“Alon USA”) announced today that its subsidiary, Alon USA Partners, LP, a Delaware limited partnership (“Alon Partners”), has priced its initial public offering of 10,000,000 common units representing limited partner interests in Alon Partners at $16.00 per common unit. The common units are expected to begin trading on the New York Stock Exchange under the symbol “ALDW” on November 20, 2012. The offering is expected to close on November 26, 2012, subject to customary closing conditions. Alon USA intends to use the net proceeds of the offering to reduce its $450 million term loan that closed on November 13, 2012. Upon conclusion of the offering, Alon USA will own an 84.0% limited partner interest in Alon Partners, or an 81.6% limited partner interest if the underwriters exercise their option to purchase an additional 1,500,000 common units in full. Alon USA will own 100% of the general partner interest in Alon Partners.

Alon Partners was formed by Alon USA to own, operate and grow its strategically located crude oil refinery in Big Spring, Texas, with total throughput capacity of approximately 70,000 barrels per day, and the related petroleum products marketing business.

Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC, and Citigroup are acting as joint book-running managers, and Jefferies & Company, Inc. is acting as lead managing underwriter and Macquarie Capital (USA) Inc. and Tudor, Pickering, Holt & Co. Securities, Inc. are acting as co-managers.

The offering of common units will be made only by means of a prospectus. The prospectus, which meets the requirements of Section 10 of the Securities Act of 1933, may be obtained through:

Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282 (866) 471-2526 prospectus-ny@ny.email.gs.com

Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue New York, NY 10010 (800) 221-1037 newyork.prospectus@credit-suisse.com

Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (800) 831-9146 BATProspectusdept@citi.com

To obtain a copy of the prospectus free of charge, visit the SEC’s website at http://www.sec.gov and search under the registrant’s name, “Alon USA Partners, LP”.

A registration statement relating to these securities has been filed with, and declared effective by, the SEC. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This press release contains “forward-looking” statements within the meaning of the federal securities laws. These statements contain words such as “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “future,” “intend,” and “may” and can be impacted by numerous factors, including the risk that an initial public offering of Alon Partners may not occur, risks relating to the securities markets generally, the impact of adverse market conditions affecting Alon USA’s refining and marketing business or Alon Partners’ business, adverse changes in laws, including with respect to tax and regulatory matters, and other risks. There can be no assurance that actual results will not differ from those expected by management of Alon USA or Alon Partners. For more information concerning factors that could affect these statements, see the registration statement relating to these securities and Alon USA’s annual report on Form 10-K for the year ended December 31, 2011 and its quarterly reports on Form 10-Q for the quarters ended March 31, 2012, June 30, 2012 and September 30, 2012, each filed with the SEC. Neither Alon USA nor Alon Partners undertake any obligation to update or revise such forward-looking statements to reflect events or circumstances that occur, or which Alon USA or Alon Partners becomes aware of, after the date hereof.

About Alon USA Energy, Inc.

Alon USA Energy, Inc., headquartered in Dallas, Texas, is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the United States. The Company owns four crude oil refineries in Texas, California, Louisiana and Oregon, with an aggregate crude oil throughput capacity of approximately 250,000 barrels per day. Alon USA is a leading producer of asphalt, which it markets through its asphalt terminals predominately in the Western United States. Alon USA is the largest 7-Eleven licensee in the United States and operates approximately 300 convenience stores in Texas and New Mexico. Alon USA markets motor fuel products under the Alon brand name through a network of approximately 625 locations, including Alon USA’s convenience stores.

    Contact:                  Amir Barash, Vice President
                              Alon USA Partners, LP
                              972-367-3808

                               Investors: Jack Lascar/Shelia
                               Stuewe
                              DRG&L / 713-529-6600

                              Media: Blake Lewis
                              Lewis Public Relations
                              214-635-3020
                              Ruth Sheetrit
                              SMG Public Relations
                              011-972-547-555551

SOURCE Alon USA Energy, Inc.


Source: PR Newswire