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Oiltanking Partners, L.P. Prices Public Offering of 2,600,000 Common Units

November 19, 2013

HOUSTON, Nov. 19, 2013 /PRNewswire/ — Oiltanking Partners, L.P. (NYSE: OILT) (the “Partnership”) today announced that it has priced its public offering of 2,600,000 common units representing limited partner interests at a price to the public of $61.65 per common unit. The Partnership has granted the underwriters a 30-day option to purchase up to 390,000 additional common units. The offering is expected to settle and close on November 22, 2013, subject to customary closing conditions. The Partnership intends to use the net proceeds from this offering, including any net proceeds from the underwriters’ exercise of their option to purchase additional common units, to reduce indebtedness outstanding under its revolving credit facility, fund ongoing expansion projects and for general partnership purposes.

Citigroup, Barclays, Deutsche Bank Securities, J.P. Morgan, Wells Fargo Securities and RBC Capital Markets are acting as joint book-running managers for the offering. Goldman, Sachs & Co. and U.S. Capital Advisors are acting as co-managers for the offering. The offering will be made only by means of a prospectus and related prospectus supplement, copies of which may be obtained from:

    Citigroup                                 Barclays

    Attention: Broadridge Financial Solutions Attention: Broadridge Financial Solutions

    1155 Long Island Avenue                   1155 Long Island Avenue

    Edgewood, NY 11717                        Edgewood, NY 11717

    1-800-831-9146                            1-888-603-5847 Barclaysprospectus@broadridge.com

    batprospectusdept@citi.com
    --------------------------

    Deutsche Bank Securities                  J.P. Morgan

    Attention: Prospectus Group               Attention: Broadridge Financial Solutions

    60 Wall Street                            1155 Long Island Avenue

    New York, NY 10005                        Edgewood, NY 11717

    1-800-503-4611                            1-866-803-9204

    prospectus.cpdg@db.com
    ----------------------

    Wells Fargo Securities                    RBC Capital Markets

    Attention: Equity Syndicate Department    Three World Financial Center

    375 Park Avenue, 4th Floor                200 Vesey Street, 10th Floor

    New York, NY 10152                        New York, NY 10281

    1-800-326-5897                            1-877-822-4089

    cmclientsupport@wellsfargo.com
    ------------------------------

An electronic copy of the prospectus and prospectus supplement is available from the Securities and Exchange Commission’s website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these 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 such state or jurisdiction. The offer is being made only through the prospectus as supplemented, which is part of a shelf registration statement that became effective on December 14, 2012.

Oiltanking Partners, L.P. is a growth-oriented master limited partnership engaged in independent storage and transportation of crude oil, refined petroleum products and liquefied petroleum gas. The Partnership provides logistics to major integrated oil companies, distributors, marketers and chemical and petrochemical companies. The Partnership’s core assets are strategically located along the Gulf Coast of the United States on the Houston Ship Channel and in Beaumont, Texas.

Forward-Looking Statements

This news release contains forward-looking statements. These forward-looking statements reflect the Partnership’s current views with respect to future events, based on what it believes are reasonable assumptions. No assurances can be given, however, that these events will occur. These statements are subject to risks and uncertainties as described in the Partnership’s filings with the Securities and Exchange Commission, available on the Securities and Exchange Commission’s website at www.sec.gov. By issuing forward-looking statements based on current expectations, opinions, views or beliefs, the Partnership has no obligation and, except as required by law, is not undertaking any obligation, to update or revise these statements or provide any other information relating to such statements.

Contact Information:

Mark Buscovich
Manager, FP&A and IR
ir@oiltankingpartners.com
(855) 866-6458

SOURCE Oiltanking Partners, L.P.


Source: PR Newswire