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Prospect News home > News index > List of issuers T > Headlines for TransMontaigne Partners LP > News item
Published on 1/11/2010 in the Prospect News Bank Loan Daily.

TransMontaigne to repay some bank debt with common units proceeds

By Sara Rosenberg

New York, Jan. 11 - TransMontaigne Partners LP plans to reduce borrowings under its senior secured credit facility using proceeds from the sale of 1.75 million common units, according to a news release.

Proceeds from the sale may also be used for general business purposes, future acquisitions, capital expenditures and working capital.

TransMontaigne is a Denver-based terminaling and transportation company.


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