Martin Midstream Partners LP (NASDAQ: MMLP) priced its public offering of 3 million common units at $36.91 each, the company said Sept. 24.
Underwriters were given a monthlong option to purchase up to 450,000 additional units, Martin Midstream said.
Net proceeds of about $110 million will repay part of the outstanding revolving credit facility debts and support general partnership purposes. The repaid debt might be reborrowed to support acquisitions and expansion capex, the company said.
The offer is scheduled to close Sept. 29, the company said.
BofA Merrill Lynch,
Kilgore, Texas-based Martin Midstream Partners LP operates on the U.S. Gulf Coast.
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