Martin Midstream Completes $250MM Private Placement
February 12, 2013
Martin Midstream Partners LP (Nasdaq: MMLP) and its wholly owned subsidiary, Martin Midstream Finance Corp., has successfully completed the private placement of US $250 million principal amount of 7.250% senior unsecured notes due February 15, 2021.
The partnership received US $245.1 million in proceeds from the sale of the notes, after deducting underwriting discounts, commissions and estimated expenses of the offering. Net proceeds were used to repay borrowings under its revolving credit facility.
Based in Kilgore, Texas, Martin Midstream Partners LP is a master limited partnership with a diverse set ...
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