Martin Midstream Partners LP (NASDAQ: MMLP) priced an underwritten public offering of 3,600,000 common units at $41.51 each, the company said May 6.

Net proceeds will repay outstanding revolving credit facility debts, and will also support general partnership purposes, the company said.

Any amounts that might be repaid under the credit facility could be reborrowed to fund future acquisitions and expansion capex, the company said. These future acquisitions include the acquisition of membership interests in Atlas Pipeline NGL Holdings LLC and Atlas Pipeline NGL Holdings II LLC from an Atlas Pipeline Partners LP subsidiary, the company added.

The offer is scheduled to close May 12, Martin Midstream added.

RBC Capital Markets LLC, BofA Merrill Lynch, Wells Fargo Securities LLC, Deutsche Bank Securities Inc., Raymond James & Associates Inc., and UBS Securities LLC were joint book-running managers, the company said.

Robert W. Baird & Co. Inc., Stifel, Nicolaus & Co. Inc., BB&T Capital Markets and MLV & Co. LLC are co-managing underwriters, the company added.

Kilgore, Texas-based Martin Midstream Partners LP is an MLP working on the Gulf Coast.