Martin Midstream Partners L.P. Announces Pricing Of Public Offering Of Common Units
KILGORE, Texas, Feb. 4, 2011 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (Nasdaq:MMLP) (the "Partnership") announced today that it has priced its previously announced public offering of 1,630,000 of its common units at a price to the public of $39.35 per unit. The closing of the offering is expected to occur on February 9, 2011, subject to satisfaction of customary closing conditions. Estimated net proceeds from the offering will be used by the Partnership 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 reborrowed 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 Partnership has granted the underwriters a 30-day option to purchase up to an additional 244,500 common units to cover any over-allotments in connection with the offering.
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|
|RBC Capital Markets|
|Attention: Equity Syndicate|
|3 World Financial Center|
|200 Vesey Street, 8 th Floor|
|New York, NY 10281-8098|
|UBS Investment Bank|
|Attention: Prospectus Dept.|
|299 Park Avenue|
|New York, NY 10171|
You may also obtain these documents for free when they are available by visiting EDGAR on the SEC web site 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 is being made only by means of a prospectus and related prospectus supplement, which are part of an effective registration statement.
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