Baird served as a co-manager in this offering.
AboutMartin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP” or the “Partnership”) recently completed a follow-on offering of 1,874,500 common units at a price of $39.35 per unit. The offering generated gross proceeds of $73.8 million. MMLP intends to use the net proceeds from this 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.
MMLP 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 gathering and processing and NGL distribution services; sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and marine transportation services for petroleum products and by-products.
For additional information about this transaction, please contact:
- February 2011
- Martin Midstream Partners L.P.
- Target Location
- North America