Attached files
file | filename |
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8-K - FORM 8-K - MARTIN MIDSTREAM PARTNERS L.P. | d75293e8vk.htm |
EX-1.1 - EX-1.1 - MARTIN MIDSTREAM PARTNERS L.P. | d75293exv1w1.htm |
EX-5.1 - EX-5.1 - MARTIN MIDSTREAM PARTNERS L.P. | d75293exv5w1.htm |
EX-8.1 - EX-8.1 - MARTIN MIDSTREAM PARTNERS L.P. | d75293exv8w1.htm |
Exhibit 99.1
Martin Midstream Partners L.P. Announces
Pricing of Public Offering of Common Units
Pricing of Public Offering of Common Units
KILGORE,
Texas, August 12, 2010 (GlobeNewswire via COMTEX News Network) Martin Midstream
Partners L.P. (NASDAQ: MMLP) (the Partnership) announced today that it has priced its previously
announced public offering of 1,000,000 of its common units.
The closing of the offering is expected to occur on August 17, 2010, subject to
satisfaction of customary closing conditions. Estimated net proceeds from the offering will be used
by the Partnership to redeem from subsidiaries of Martin Resource Management Corporation, which
owns the Partnerships general partner, an aggregate number of Partnership common units equal to
the number of common units issued in the offering. RBC Capital Markets is the
underwriter for the offering. The Partnership has granted the underwriter a 30-day option to
purchase up to an additional 150,000 common units to cover any over-allotments in
connection with the offering.
The offering is being made by means of a prospectus and related prospectus supplement, copies of
which may be obtained from the following address:
RBC Capital Markets Corporation
Attention: Equity Syndicate
3 World Financial Center
200 Vesey Street, 8th Floor
New York, NY 10281-8098
Telephone: 1-877-822-4089
Attention: Equity Syndicate
3 World Financial Center
200 Vesey Street, 8th Floor
New York, NY 10281-8098
Telephone: 1-877-822-4089
You may also obtain these documents for free when they are available by visiting EDGAR on the SEC
web site at www.sec.gov.
The common units are being offered pursuant to an effective
registration statement that the Partnership previously filed with the
Securities and Exchange Commission.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the
securities described herein, nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction.
The offering is being made only
by means of a prospectus and related prospectus supplement.
About Martin Midstream Partners
The Partnership is a publicly traded limited partnership with a diverse set of operations focused
primarily in the United States Gulf Coast region. The Partnerships primary business lines
include: terminalling and storage services for petroleum products and by-products; natural gas
gathering and processing and NGL distribution services; sulfur and sulfur-based products
processing, manufacturing, marketing and distribution; and marine transportation services for
petroleum products and by-products.
Forward-Looking Statements
Statements about the Partnerships outlook and all other statements in this release other than
historical facts are forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements and all references to financial
estimates rely on a number of assumptions concerning future events and are subject to a number of
uncertainties and other factors, many of which are outside its control, which could cause actual
results to differ materially from such statements. While the Partnership believes that the
assumptions concerning future events are reasonable, it cautions that there are inherent
difficulties in anticipating or predicting certain important factors. A discussion of these
factors, including risks and uncertainties, is set forth in the Partnerships annual and quarterly
reports filed from time to time with the Securities and Exchange Commission. The Partnership
disclaims any intention or obligation to revise any forward-looking statements, including financial
estimates, whether as a result of new information, future events, or otherwise.
Additional information concerning the Partnership is available on its website at
www.martinmidstream.com, or
Joe McCreery,
Vice President Finance & Head of Investor Relations,
Martin Midstream Partners L.P.
Phone: (903) 812-7989
joe.mccreery@martinmlp.com
Vice President Finance & Head of Investor Relations,
Martin Midstream Partners L.P.
Phone: (903) 812-7989
joe.mccreery@martinmlp.com