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Lehigh Gas to reduce credit facility debt via common stock offering
By Tali Rackner
Norfolk, Va., Sept. 15 – Lehigh Gas Partners LP plans to reduce debt outstanding under its credit facility with the proceeds from a common unit offering, according to a press release.
Proceeds will also be used for general partnership purposes.
Lehigh Gas Partners, based in Allentown, Pa., is a wholesale distributor of motor fuels and owner and lessee of real estate used in the retail distribution of motor fuels.
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