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Northern Tier Energy LP Announces Pricing of Public Offering of 12,000,000 Common Units

April 30, 2013

RIDGEFIELD, Conn., April 30, 2013 /PRNewswire/ — Northern Tier Energy LP (NYSE: NTI), a Delaware limited partnership (“Northern Tier Energy” or the “Partnership”), announced today the pricing of an underwritten public offering of 12,000,000 common units representing limited partner interests in the Partnership (the “Offering”) held by Northern Tier Holdings LLC (the “Selling Unitholder”) at a price to the public of $26.28 per unit. The common units are being sold in the Offering pursuant to a registration statement on Form S-1 previously filed with the Securities and Exchange Commission (the “Commission”). In addition, the Selling Unitholder has granted the underwriters a 30-day option to purchase up to an additional 1,800,000 common units. The Partnership will not receive any proceeds from the sale of the common units in the Offering. The Offering is expected to close on May 6, 2013, subject to customary closing conditions.

Barclays Capital Inc., BofA Merrill Lynch, Goldman, Sachs & Co., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, UBS Securities LLC, Deutsche Bank Securities Inc., and J.P. Morgan Securities LLC are acting as bookrunners for the Offering and Macquarie Capital (USA) Inc. and TPG Capital BD, LLC are acting as co-managers for the Offering. The Offering is being made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, copies of which, when available, may be obtained from:


                Barclays Capital Inc.                      BofA Merrill Lynch

         c/o Broadridge Financial Solutions                   222 Broadway

               1155 Long Island Avenue                     New York, NY 10038

                 Edgewood, NY 11717                 Attention: Prospectus Department

               telephone: 888-603-5847           email: dg.prospectus_requests@baml.com

      email: barclaysprospectus@broadridge.com

                Goldman, Sachs & Co.                 Citigroup Global Markets Inc.
          Attention: Prospectus Department         c/o Broadridge Financial Solutions
         200 West Street, New York, NY 10282            1155 Long Island Avenue
               telephone: 866-471-2526
               facsimile: 212-902-9316                     Edgewood, NY 11717
        email: prospectus-ny@ny.email.gs.com
                                                        telephone: 800-831-9146

                                                   email: batprospectusdept@citi.com
         Credit Suisse Securities (USA) LLC
          Attention: Prospectus Department
       One Madison Avenue, New York, NY 10010
               telephone: 800-221-1037                     UBS Securities LLC
     email: newyork.prospectus@credit-suisse.com    Attention: Prospectus Department
                                                  299 Park Avenue, New York, NY 10171
                                                        telephone: 888-827-7275

            Deutsche Bank Securities Inc.              J.P. Morgan Securities LLC
             Attention: Prospectus Group           c/o Broadridge Financial Solutions
         60 Wall Street, New York, NY 10005             1155 Long Island Avenue
               telephone: 800-503-4611
            email: prospectus.CPDG@db.com                  Edgewood, NY 11717

                                                        telephone: 866-803-9204

A registration statement relating to these securities has been filed with, and declared effective by, the Commission. The registration statement is available on the Commission’s web site at http://www.sec.gov under the registrant’s name, “Northern Tier Energy LP.” This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Northern Tier Energy

Northern Tier Energy is an independent downstream energy company headquartered in Ridgefield, CT with refining, retail, and pipeline operations serving the PADD II region of the United States. Northern Tier Energy was established to own and operate the St. Paul Park Refinery as well as a retail network of SuperAmerica brand convenience stores and a 17% equity interest in the Minnesota Pipe Line.

Forward-Looking Statements

This press release contains certain “forward-looking statements” which reflect our views and assumptions on the date of this press release regarding future events. They involve known and unknown risks, uncertainties and other factors, many of which may be beyond our control, that may cause actual results to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. All forward-looking statements speak only as of the date hereof. We undertake no obligation to update or revise publicly any such forward-looking statements. We caution you not to place undue reliance on these forward-looking statements. Please refer to our filings with the Commission for more detailed information regarding these risks, uncertainties and assumptions.

SOURCE Northern Tier Energy LP


Source: PR Newswire