Western Refining Announces Pricing and Increased Size of Concurrent
Common Stock and Convertible Senior Notes Offerings
Western Refining Announces Pricing and Increased Size of Concurrent Common
Stock and Convertible Senior Notes Offerings
EL PASO, Texas, June 5 /PRNewswire/ -- Western Refining, Inc. (NYSE:WNR)
today announced that it increased its previously announced public offering
of common stock to 20,000,000 shares and priced the offering at $9.00 per
share. Western Refining also granted the underwriters a 30-day option to
purchase up to 3,000,000 additional shares of common stock on the same terms
and conditions.
Western Refining also announced today that it increased its previously
announced concurrent offering of convertible senior notes due 2014 to $200
million in aggregate principal amount. Western Refining also granted the
underwriters an option to purchase an additional $30 million in aggregate
principal amount of convertible senior notes on the same terms and
conditions. The convertible senior notes will pay interest semi-annually at
a rate of 5.75% per year and will mature on June 15, 2014 unless earlier
repurchased or converted. The initial conversion rate for the convertible
senior notes will be 92.5926 shares of common stock per $1,000 principal
amount of convertible senior notes. This is equivalent to an initial
conversion price of approximately $10.80 per share of common stock, which
represents approximately a 20% premium to the public offering price of the
common stock.
Western Refining intends to use the net proceeds from each offering to repay
indebtedness under its term loan credit agreement.
Merrill Lynch & Co. and Goldman, Sachs & Co. are acting as joint
book-running managers for each offering.
A preliminary prospectus supplement and accompanying base prospectus
relating to each offering have been filed with the U.S. Securities and
Exchange Commission and are available on its website, www.sec.gov. This
press release does not constitute an offer to sell or a solicitation of an
offer to buy any securities. A registration statement relating to the
securities has been filed and is effective. Each offering will be made only
by means of a prospectus supplement and accompanying base prospectus, copies
of which may be obtained from Merrill Lynch & Co., 4 World Financial
Center, New York, NY 10080, Attention: Prospectus Department or Goldman,
Sachs & Co., Attention: Prospectus Department, 85 Broad Street, New York, NY
10004, telephone: (866) 471-2526, fax: 212-902-9316, email:
Prospectus-ny@ny.email.gs.com.
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Your El Paso Hispanic Chamber of Commerce
presents Bury the Paper BEFORE it Buries You!
How To Go Paperless And Get More Work Done
F R E E W O R K S H O P
Thursday, June 25, 2009
7:30 a.m. – 9:30 a.m. (Continental Breakfast provided)
El Paso Community College – ASC
9050 Viscount, Building A (Board Room)
RSVP Required: 566-4066
WHO SHOULD ATTEND:
Any business person interested in finding an affordable way to manage escalating volumes of paperwork. Now more than ever, is the time to streamline business processes and leverage all that information in more strategic, efficient ways.
RESULTS YOU CAN EXPECT:
Easy to Implement System – Reduces the risk of lost or misplaced paper files, stores more content as your business grows, easily integrated with many third party software.
Cost Savings – Reduces paper usage, document storage and disposal, energy consumption, and shipping costs.
Cost Effective – Streamlines business processes and improves productivity and efficiency, lowering operational costs.
Time Effectiveness – Controls user information access and tracks document history, system activity, and information disclosure.
Instant Access to Documents – on demand access to information gives users the ability to respond to customer requests rapidly and perform business tasks force efficiently cutting the time it takes to find vital information!
Registration Information
Please complete and return via fax to 566-9714
Deadline to respond is Friday, June 19, 2009
Your Name
Company/Organization
Address City/State/Zip Phone
Email
Terri Reed, Project Director
El Paso Minority Business Enterprise Center
operated by the El Paso Hispanic Chamber of Commerce
2401 E. Missouri
El Paso, Texas 79903
Phone: 915-351-MBEC (6232)
Fax: 915-566-9714
Email: Treed@elpasombec.org
or visit us on the web ... www.elpasombec.org
===========
Santos Family Keeps Home, Thanks to FirstLight FCU Texas Credit Union League Honors FirstLight for Commitment to Community
Thursday, June 4, 2009 - (Dallas, TX) - Like millions of American families struggling to make their mortgage payment in this downturn economy, Jose Rafael Santos saw foreclosure on the horizon. Fortunately, his mortgage is with FirstLight Federal Credit Union (FCU), a not-for-profit financial cooperative that puts people over profit. According to Santos, credit union staff treated him like an individual, and not just as a faceless account. They worked with him to consolidate his debt, develop a payment plan to bring his mortgage up to date, and in the end, restored his faith in the financial system.
"I'm so grateful to the credit union," notes Santos. "They have been such a big help to me and my family. They have helped keep me and my family in our home, and are also saving us $900 a month."
On June 8, FirstLight FCU will be awarded the Juntos Avanzamos, or "Together We Advance," designation from the Texas Credit Union League (TCUL) for its exceptional service to members like Santos. The goal of the Juntos Avanzamos program is to empower Texas credit unions to more effectively serve the needs of Hispanics of modest means, and provide families with an affordable alternative to expensive fringe financial service providers. TCUL will present FirstLight FCU with the Juntos Avanzamos flag on June 8 at its Northeast El Paso branch, representing the credit union's participation
in the TCUL initiative. And Santos will be there to celebrate his credit union's achievement.
WHAT: "Juntos Avanzamos" flagship ceremony
WHEN: Monday, June 8, 2:30 p.m.
WHERE: FirstLight Federal Credit Union
9993 Kenworthy Street, Administration Building
Northeast El Paso
PRESENTERS: Dick Ensweiler, president and CEO of the League
Karl Murphy, president and CEO of FirstLight FCU
Sanjay Mathur, executive director of Avance
Ruben Sanchez, general manager of West Texas Food Bank
WHY: When it comes building financial wealth for their families, TCUL
believes Texas families would do well for themselves by turning to
not-for-profit credit unions.
About Texas Credit Union LeagueT
The Texas Credit Union League is the official trade association for credit
unions within the State of Texas. The League represents, on a state and
federal level, nearly 600 credit unions state-wide, which are owned by over
seven million members (about one-third of the state's population). Organized
in 1934, the Texas Credit Union League protects credit unions and promotes
their growth, strength and unity. For more information, visit www.tcul.coop
and www.creditunionmember.org; write to us at 4455 LBJ Freeway, Suite 1100,
Dallas, Texas 75244, or call us at 469-385-6400. Texas credit unions -
strong, safe, and secure for 75 years.
-- 30 -
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Reyes announces over $1.3 million federal grant for el paso international airport
WASHINGTON, D.C. – Congressman Silvestre Reyes (D-El Paso) today announced that the Department of Transportation’s Federal Aviation Administration (FAA) will award $1,309,621 under the Airport Improvement Program to acquire equipment to enhance safety during runway construction projects.
“El Paso International Airport has been making major improvements to its facilities to create one of the most centralized and fully integrated transportation hubs along the U.S.-Mexico border,” Congressman Reyes said. “This funding will allow our airport to continue building up its capacity while ensuring the safety of the personnel on the ground and of flight crews during construction.”
The grant allows El Paso International Airport to acquire interactive training systems to increase personnel safety while working on the runways, as well as lighting equipment that will indicate a runway is closed for construction. Improvements to existing runways will also be funded through this grant.
El Paso International Airport provides passenger and air cargo service to West Texas, Southern New Mexico and Northern Mexico, with two air carrier runways and one general aviation runway. El Paso is home to the border's largest and newest passenger terminal and is emerging as the border's most centralized intermodal hub. In the last three years, the airport has added two 144,000 square foot air cargo buildings, over 34 acres of aircraft parking and 6.4 miles of roadways.
==============
««« MEDIA ADVISORY«««
10 a.m. on June 4, 2009
LOCAL STUDENTS TO RECEIVE SCHOLARSHIPS
FROM SIMON YOUTH FOUNDATION
WHAT:
Simon Youth Foundation (SYF), a non-profit organization dedicated to serving
at-risk youth, will award four local high school students with scholarships
to further their education.
Israel Michel, Armando Reyes and Brittany Lujan, graduates of Socorro and
Chapin High Schools, will be awarded scholarships by Cielo Vista Mall and
Sunland Park Mall on behalf of Simon Youth Foundation. Andrea Marcaida, a
graduate of Sunland Park Mall Academy, an alternative school in Sunland Park
Mall, will be awarded a $3,000 scholarship.
SYF’s Community Scholarship Program is open to high school seniors, and
applications for the class of 2010 can be found at www.syf.org, or at the
mall guest services booth after October 15, 2009.
WHO:
Vera Cancellare, Principal, Sunland Park Mall Academy & Sunset High School
Scholarship Recipients:
§ Israel Michel – Socorro High School
§ Armando Reyes – Socorro High School
§ Brittany Lujan – Chapin High School
§ Andrea Marcaida – Sunland Park Mall Academy
WHEN:
10 a.m. on Thursday, June 4, 2009
WHERE:
Sunland Park Mall - Lower level, Women’s Dillard’s
750 Sunland Park Drive
El Paso, Texas 79912
WHY:
Simon Youth Foundation has awarded more than $7 million in scholarships to
students with a demonstrated need since 2000, helping to alleviate the
financial barrier that stands between them and their pursuit of higher
education.
MORE INFO:
Cindy Foght
Area Director of Strategic Marketing
Sunland Park Mall
phone: (915) 833-5596
================
Western Refining Announces Concurrent Common Stock and Convertible Senior
Notes Offerings
EL PASO, Texas, June 1 /PRNewswire/ -- Western Refining, Inc. (NYSE:WNR)
today announced that it intends to offer, subject to market and other
conditions, 14,000,000 shares of its common stock, par value $0.01 per
share. Western Refining intends to grant the underwriters a 30-day option to
purchase up to 2,100,000 additional shares of common stock.
Concurrently with the common stock offering, Western Refining also intends
to offer, subject to market and other conditions, approximately $100 million
in aggregate principal amount of convertible senior notes due 2014. Western
Refining also intends to grant the underwriters an option to purchase an
additional $15 million in aggregate principal amount of convertible notes.
Western Refining intends to use the net proceeds from each offering to repay
indebtedness under its term loan credit agreement.
Merrill Lynch & Co. and Goldman, Sachs & Co. are acting as joint
book-running managers for each offering.
A preliminary prospectus supplement and accompanying base prospectus
relating to each offering have been filed with the U.S. Securities and
Exchange Commission and are available on its website, www.sec.gov. This
press release does not constitute an offer to sell or a solicitation of an
offer to buy any securities. A registration statement relating to the
securities has been filed and is effective. Each offering will be made only
by means of a prospectus supplement and accompanying base prospectus, copies
of which may be obtained from Merrill Lynch & Co., 4 World Financial
Center, New York, NY 10080, Attention: Prospectus Department or Goldman,
Sachs & Co., Attention: Prospectus Department, 85 Broad Street, New York, NY
10004, telephone: (866) 471-2526, fax: 212-902-9316, email:
prospectus-ny@ny.email.gs.com.
About Western Refining
Western Refining, Inc. is an independent refining and marketing company
headquartered in El Paso, Texas.
===========
GINER APPOINTED NEW ADVISORY BOARD MEMBER
~Guadalupe Giner is welcomed by GECU~
EL PASO, TX- June 1, 2009- GECU has welcomed Guadalupe Giner as the newest Advisory Board Member. Giner’s responsibilities will include actively participating in board discussions regarding strategic direction, products and services for the benefit of GECU members.
Giner has 20 years experience in planning, buying, and purchasing. She has managed suppliers to establish cost savings, ensure cost avoidance, and product improvements. She was also a senior buyer where she oversaw and handled high-volume supplier relationships and planned for manufacturing plants in Mexico. She is a dedicated wife and proud mother of three daughters.
Harriet May, President and CEO of GECU, stated, “We are very delighted to have Guadalupe serve as our newest advisory board member. We feel her past experiences and drive will carry her far in the GECU family. Her skills are sure to help take GECU to the next level.”
Giner is a Magna Cum Laude graduate of Park University in El Paso, Texas, receiving her Bachelor of Science in Management. In addition to her responsibilities at Cardinal Health, she also took on the role of Coordinator of PEOPLE CIIP, an internal group responsible for coordinating employee events, such as the annual Employee picnic, Race for the Cure and Relay for Life. She was also a member of the Employee Newsletter team and the Education Group.
About GECU
GECU has been serving over 285,000 members one family at a time for nearly 75 years. GECU is proactive in community-sponsored initiatives including United Way and offers its member/owners free financial education seminars throughout the year. Today, GECU employs more than 680 employees to serve the needs of its membership and $1.5 billion in assets at 11 locations throughout El Paso and Horizon City. Visit their Website at www.gecu-ep.org for more information.
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Jacqueline Gonzalez joins Physicians Health Choice
Physicians Health Choice (PHC), a Medicare Advantage organization contracted by Medicare, has hired Jacqueline Gonzalez as its Community Relations Specialist for its markets in El Paso, TX, and Las Cruces and Alamogordo, New Mexico.
As a Community Relations Specialist (CRS), Gonzalez will work closely with the sales and operations staff to ensure Physicians Health Choice is consistently and professionally represented throughout the El Paso and New Mexico communities. She is responsible for planning, coordinating and disseminating community relations plans, and for ensuring that all appropriate community and organization leaders are adequately informed of the benefits provided by Physicians Health Choice.
“Jackie is a wonderful asset to our organization,” says Rita Ayala, Director of Marketing, Physicians Health Choice. “She brings a wealth of knowledge and experience to the position—we’re lucky to have her!”
Previously, Gonzalez worked as a marketing manager, sales director and outreach manager for Girl Scouts of the Rio Grande. She was honored by the Girl Scouts of America in 2006 with the Greater Good Appreciation Pin, and she received the Top 40 Under 40 award from the El Paso Times in 2004.
Gonzalez is a graduate of University of Phoenix, El Paso, where she received her Bachelor of Science degree in Business Marketing.
A physician-owned company, Physicians Health Choice is contracted by Medicare (CMS) to provide Medicare Advantage benefits as a licensed HMO to meet the needs of those eligible for Medicare. Today, PHC offers a selection of Medicare Advantage health plans to Medicare-eligible individuals across the southern US, including Amarillo, Austin, Corpus Christi, El Paso and the Rio Grande Valley in Texas; Las Cruces and Alamogordo, New Mexico; Little Rock, Arkansas; and Ft. Lauderdale, Florida.
Physicians Health Choice, headquartered in San Antonio, Texas, opened its doors in 2005 and is a subsidiary of WellMed Medical Management, Inc. (WMMI), a medical management company based in San Antonio, Texas with more than 18 years of experience in providing the highest quality care to over 77,000 seniors in the greater San Antonio area. In addition to PHC, WellMed also owns 27 medical clinics throughout the greater San Antonio, Texas area and the Treasure Coast of Florida, as well as a variety of senior-focused divisions.
The PHC El Paso office is located at 7878 Gateway East, Ste 203; in Las Cruces it is located at 2100 S Triviz Dr., Ste D. For more information on Physicians Health Choice, visit www.PHCcares.com or call (915) 594-6421 in El Paso or (575) 521.1414 in Las Cruces.
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Texas Anti-Fraud Bill Goes to Governor
June 1, 2009
Texas lawmakers passed HB 148, legislation aimed at telemarketers who
contact crash victims by purchasing accident reports from local police
departments.
The bill now on its way to Governor Perry for his signature makes it illegal
for lawyers, chiropractors and other health professionals to solicit the
victims of auto accidents or catastrophes by telephone or in person.
The legislation is a huge step in curtailing the activities of today's
ambulance chasers, said the Texas Committee on Insurance Fraud, a group of
insurance industry representatives, state and county government, as well as
Texas and national anti-fraud organizations.
The TCIF says that crash victims are often told they need to visit a certain
chiropractor whether they have been injured or not. The group claims that
while victims may be awaiting treatment, they are at times solicited by
lawyers or people representing law firms who promise free legal advice.
"It's all a scam for a very small number of chiropractors, lawyers and
others who are out to get as much as they can from an individual's insurance
claim," says Dennis Devlin, chairman of the Texas Committee on Insurance
Fraud. "We owe the bill's sponsors, Rep. Todd Smith and Sen. Jeff Wentworth,
huge praise for passage of this legislation that will curtail this ongoing
trail of lies, deception and outright theft."
Devlin said passage of this legislation was unique in that the insurance
industry, the Texas Chiropractor Association and the Texas Trial Lawyers
Association all worked together to ensure the bill's passage.
If convicted, the solicitors would face a Class A misdemeanor for the first
offense, but the penalty would increase for any additional convictions. Upon
the Governor's signature, the bill will take affect Sept. 1, 2009.
