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Prospect News home > News index > List of issuers W > Headlines for Western Refining, Inc. > News item
Published on 9/27/2005 in the Prospect News Bank Loan Daily.

Western Refining to repay $150 million of term debt with IPO proceeds

By Sara Rosenberg

New York, Sept. 27 - Western Refining Inc. plans to repay all $150 million of its term loan debt using a portion of the proceeds from its initial public offering, according to an S-1 filed with the Securities and Exchange Commission Tuesday.

Remaining IPO proceeds will be used for general corporate purposes.

Western Refining is an El Paso, Tex.-based independent crude oil refiner and marketer of refined products.


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