Western Refining-backed LP files for a $288 million IPO

By Renaissance Capital,

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Western Refining Logistics, LP, a limited partnership formed by Western Refining to own midstream assets, filed on Thursday with the SEC to raise up to $288 million in an initial public offering. The El Paso, TX-based company, which was founded in 2013 and booked $4 million in sales for the 12 months ended March 31, 2013, plans to list on the NYSE under the symbol WNRL. BofA Merrill Lynch and Barclays are the joint bookrunners on the deal. No pricing terms were disclosed.

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