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Martin Midstream Partners L.P. Announces Commencement Of Public Offering Of Common Units

KILGORE, Texas, Feb. 3, 2011 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (Nasdaq:MMLP) (the "Partnership") announced today that it has commenced an underwritten public offering of 1,630,000 common units (plus up to an additional 244,500 common units to cover over-allotments, if any) under its existing shelf registration statement. The Partnership intends to use the net proceeds from the offering to repay outstanding indebtedness incurred under its revolving credit facility in connection with the acquisition of certain assets from L&L Holdings and other recent acquisitions. Amounts repaid under the revolving credit facility may be re-borrowed to fund future acquisitions and expansion capital expenditures. Wells Fargo Securities, RBC Capital Markets and UBS Investment Bank are acting as joint book-running managers for the offering. In addition, Baird is a co-managing underwriter. 

The offering is being made by means of a prospectus and related prospectus supplement, copies of which may be obtained from the following addresses:

Wells Fargo Securities
Attention: Equity Syndicate Dept.
375 Park Avenue
New York, NY 10152
Telephone: 800-326-5897
Email: cmclientsupport@wellsfargo.com
 
RBC Capital Markets
Attention: Equity Syndicate
3 World Financial Center
200 Vesey Street, 8 th Floor
New York, NY 10281-8098
Telephone: 877-822-4089
 
UBS Investment Bank 
Attention: Prospectus Dept.
299 Park Avenue
New York, NY 10171
Telephone: 888-827-7275

You may also obtain these documents for free when they are available by visiting EDGAR on the SEC website at www.sec.gov.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering will be made only by means of a prospectus and related prospectus supplement, which are part of an effective registration statement.

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