This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Northern Tier Energy LLC Announces Early Settlement Of Tender Offer For 10.50% Senior Secured Notes Due 2017 And Call For Redemption Of Remaining 10.50% Senior Secured Notes Due 2017

RIDGEFIELD, Conn., Nov. 9, 2012 /PRNewswire/ -- Northern Tier Energy LLC ("Northern Tier Energy" or the "Company") announced today that it has exercised the early settlement election applicable to its previously announced tender offer (the "tender offer") for the 10.50% Senior Secured Notes due 2017 (CUSIP No. 665828AC3) (the "Notes") issued by the Company and Northern Tier Finance Corporation.  The Company has accepted for purchase $253,057,000 aggregate principal amount of the Notes validly tendered at or before 5:00 p.m., New York City time, on November 1, 2012 (the "early tender deadline") pursuant to the tender offer and has paid the total consideration of $1,150 per $1,000 principal amount of Notes, which includes a consent payment of $30 per $1,000 principal amount of Notes.  

The tender offer will expire at 11:59 p.m., New York City time, on November 14, 2012, unless extended or earlier terminated by the Company in its sole discretion.  Holders who validly tender any remaining Notes after the early tender deadline but on or prior to the tender offer expiration will be eligible to receive $1,120 for each $1,000 principal amount of Notes.

The Company also announced today that it has issued a notice of redemption for all of the Notes that remain outstanding following consummation of the tender offer.  On December 10, 2012 (the "redemption date"), the Company will redeem the remaining Notes at a redemption price of 103% of the principal amount thereof, plus accrued and unpaid interest to, but not including, the redemption date.   

The complete terms and conditions of the tender offer are set forth in an Offer to Purchase and Consent Solicitation Statement (the "Offer to Purchase") and related Consent and Letter of Transmittal ("Letter of Transmittal") that were distributed to holders of the Notes.  Copies of the Offer to Purchase and Letter of Transmittal may be obtained from the Tender and Information Agent for the tender offer, Global Bondholder Services Corporation, at (866) 294-2200 (toll-free).

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.39 -0.91%
FB $118.99 1.00%
GOOG $708.00 0.94%
TSLA $215.73 2.00%
YHOO $36.99 0.14%


Chart of I:DJI
DOW 17,679.20 +18.49 0.10%
S&P 500 2,044.85 -5.78 -0.28%
NASDAQ 4,695.1520 -21.9420 -0.47%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs