Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Martin Midstream Partners L.P.
Baird served as a co-manager in this offering
Martin Midstream Partners L.P. (NASDAQ: MMLP) (“Martin Midstream Partners” or the “Partnership”) recently completed a follow-on offering of 3,000,000 common units at a price of $31.16 per unit, generating gross proceeds of approximately $93.5 million. The Partnership intends to use the net proceeds from this offering to repay outstanding indebtedness incurred under its revolving credit facility and for general Partnership purposes.
Martin Midstream Partners is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. The Partnership's primary business lines include: terminalling and storage services for petroleum products and by-products; natural gas liquids distribution service and natural gas storage; sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and marine transportation services for petroleum products and by-products. Additionally, the Partnership processes and packages naphthenic lubricating oils for specialty applications used in the automotive, energy and petrochemical industries