Western Refining Announces Pricing of Senior Notes Offering

Western Refining Announces Pricing of Senior Notes Offering

EL PASO, Texas, March 12, 2013 (GLOBE NEWSWIRE) -- Western Refining, Inc.
(NYSE:WNR) announced today that it priced its previously announced private
offering of $350 million aggregate principal amount of its senior unsecured
notes due April 1, 2021. The notes will bear an interest rate of 6.25% per
annum and will be issued at 100.00%, plus accrued interest, if any, from March
25, 2013.

Westernintends to use the net proceeds from this offering and cash-on-hand to
(i) repurchase any and all of its outstanding 11.250% Senior Secured Notes due
2017 (the "Existing Secured Notes") in a concurrent tender offer and related
consent solicitation, (ii) pay any related fees and expenses, including any
applicable consent solicitation fees, tender premiums and accrued interest on
the Existing Secured Notes, and (iii) redeem or discharge the Existing Secured
Notes, if any, that remain outstanding after the completion of the tender
offer.

The senior notes have not been registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the U.S. Securities Act of 1933, as amended. This press release does not
constitute an offer to sell or the solicitation of an offer to buy the notes,
nor shall it constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale is unlawful.

The Western Refining, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7615

CONTACT: Investor and Analyst Contact:
         Jeffrey S. Beyersdorfer
         (602) 286-1530
        
         Media Contact:
         Gary Hanson
         (602) 286-1777

Western Refining Inc. Logo
 
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