Martin Midstream intends to price $200 million eight-year senior notes early March 22 week

By Paul A. Harris

St. Louis, March 16 - Martin Midstream Partners LP and Martin Midstream Finance Corp. plan to price a $200 million offering of eight-year senior notes (expected ratings B3/B+) early in the March 22 week, according to an informed source.

Wells Fargo Securities, RBC Capital Markets Corp. and UBS Investment Bank are joint bookrunners for the Rule 144A with registration rights and Regulation S notes.

The notes come with four years of call protection.

Proceeds will be used to repay bank debt.

The Kilgore, Texas-based company has diverse energy operations focused primarily in the U.S. Gulf Coast region.

Its business lines include terminalling and storage services for petroleum products and by-products, natural gas gathering and processing and NGL distribution services. It also provides sulfur and sulfur-based products processing, manufacturing, marketing and distribution.

In addition Martin Midstream provides marine transportation services for petroleum products and byproducts.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.