Deal Details
Follow-On Offering
Summary
Baird served as a senior co-manager on this offering
About
Martin Midstream Partners L.P. (“Martin Midstream Partners” or the “Partnership”) (NASDAQ: MMLP) recently completed a follow-on offering of 3,600,000 common units at a price of $41.51 per unit, generating gross proceeds of approximately $149.4 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 master limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. The Partnership's primary business segments include: (1) terminalling, storage and packaging services for petroleum products and by-products; (2) natural gas services, including liquids distribution services and natural gas storage; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) marine transportation services for petroleum products and by-products.
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- Date
- May 2014
- Company
- Martin Midstream Partners L.P.
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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