Follow-on Offering

Energy
Follow-on Offering

Summary

Baird served as a co-manager in this offering.

About

Martin 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:

Curtis Goot (314) 445-6540
Frank Murphy (314) 445-6532
Kjell Lundal (314) 445-6533
Energy
Follow-on Offering
Date
February 2011
Company
Martin Midstream Partners L.P.
Transaction
M&A
Sectors
Energy
Target Geography
North America

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