Deal Details
Follow-On Offering
Summary
Baird served as a co-manager in this offering
About
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
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- Date
- November 2012
- Company
- Martin Midstream Partners L.P.
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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