Alon USA Energy - ALJ - Announces The Pricing of The IPO of its Subsidiary, Alon USA Partners

Alon USA Energy, Inc. (NYSE: ALJ) announced that its subsidiary, Alon USA Partners, LP, a Delaware limited partnership, 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.



Alon USA Partners, LP Prices Initial Public Offering



Alon USA Partners, LP, a Delaware limited partnership ("Alon Partners") (NYSE: ALDW), announced today that it 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. The underwriters have been granted a 30-day option to purchase up to an additional 1,500,000 common units.



Alon Partners was formed by Alon USA Energy, Inc. (ALJ) 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. Upon conclusion of the offering, the public will own a 16% limited partner interest in Alon Partners, or an 18.4% limited partner interest if the underwriters exercise their option to purchase additional common units in full.



Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC and Citigroup are acting as joint book-running managers, 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.



About Alon USA Energy, Inc. - ALJ



Alon USA Energy, Inc. (ALJ) 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. ALJ 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.