KILGORE, Texas, March 14, 2014 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (Nasdaq:MMLP) (the "Partnership") announced today that it and its wholly-owned subsidiary, Martin Midstream Finance Corp., intend to offer $150 million in aggregate principal amount of 7.250% senior unsecured notes due 2021 (the "additional notes") in a private offering. The additional notes are being offered as an additional issue of our outstanding 7.250% senior notes due 2021, originally issued in an aggregate principal amount of $250 million on February 11, 2013 in a private offering and later exchanged into registered notes (the "existing notes"). The additional notes will be issued under the same indenture as the existing notes and are part of the same series and will have identical terms, other than the issue date and issue price, except that the additional notes will initially be subject to restrictions on transfer under applicable securities laws. The Partnership intends to use the net proceeds from this offering to repay borrowings under its revolving credit facility that it will borrow to pay the redemption price of approximately $182.8 million on its 8.875% notes due 2018 that have been called for redemption.
Martin Midstream Partners L.P. Announces Add-On Offering Of $150 Million Of 7.250% Senior Notes Due 2021
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