Follow-On Offering

Energy
Follow-On Offering

Summary

Baird served as co-manager on this offering

About

Lehigh Gas Partners LP (“Lehigh” or the “Partnership”) (NYSE: LGP) recently completed a follow-on offering of 3,565,000 common units at a price of $26.90 per unit, generating gross proceeds of approximately $95.9 million. The Partnership intends to use the net proceeds from the offering to reduce indebtedness outstanding under its credit facility and for general partnership purposes.

Lehigh Gas Partners LP is a limited partnership formed to engage in the distribution of motor fuels, consisting of gasoline and diesel fuel, and to own and lease real estate used in the retail distribution of motor fuels. Since Lehigh’s predecessor was founded in 1992, the Partnership has generated revenues from the wholesale distribution of motor fuels to retail sites and from real estate leases. In the third quarter of 2013, Lehigh also began generating revenues, on a select basis, through the retail distribution of motor fuels at certain sites that it owns or leases. Lehigh Gas Partners LP is headquartered in Allentown, Pennsylvania.

For additional information about this transaction, please contact:

Frank Murphy (314) 445-6532
Curtis Goot (314) 445-6540
Kjell Lundal (314) 445-6533
Gary Placek (414) 765-3611
Energy
Follow-On Offering
Date
December 2013
Company
Lehigh Gas Partners LP
Transaction
M&A
Sectors
Energy
Target Location
North America

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