Martin Midstream to pay revolver borrowings via common units proceeds

By Sara Rosenberg

New York, Feb. 2 - Martin Midstream Partners LP plans to repay outstanding debt under its revolving credit facility using proceeds from the sale of 1.65 million common units, according to a 424B5 filed with the Securities and Exchange Commission on Tuesday.

As of Feb. 1, the company had $249.6 million drawn under the revolver.

Martin Midstream is a Kilgore, Texas-based collector, transporter and marketer of petroleum products and by-products.

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