Martin Midstream Partners LP - 2011-02-04
Priced its previously announced public offering of 1.63 million of its common units at a price to the public of $39.35 per unit.
Estimated net proceeds from the offering will be used by the partnership to pay debt in connection with the acquisition of certain assets from L&L Holdings and other recent acquisitions. Amounts paid 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 joint book-running managers, and Baird is a co-managing underwriter.