logo
Share SHARE
FONT-SIZE Plus   Neg

Arc Logistics Partners Launches 6 Mln Units IPO - Quick Facts

Arc Logistics Partners LP launched its initial public offering or IPO of 6.0 million common units representing limited partner interests pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission. Arc Logistics expects granting the underwriters an option to buy up to an additional 0.9 million common units at the IPO price.

The company would list its common units on the New York Stock Exchange under the ticker symbol "ARCX."

Citigroup Global Markets Inc., Barclays Capital Inc., SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC, are acting as joint book-running managers for the offering, and RBC Capital Markets, LLC, Robert W. Baird & Co. Inc., Stifel, Nicolaus & Company, Incorporated and Global Hunter Securities are acting as co-managers for the offering.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
American Airlines Group said pilots at its subsidiaries American Airlines and US Airways, represented by Allied Pilots Association, have approved a new five-year contract which provides immediate pay raises of 23 percent and subsequent annual raises of three percent for the next five years. LEGO Group, TT Games and Warner Bros. Interactive Entertainment have announced their 2015 slate of video games, including LEGO Jurassic World, LEGO Marvel's Avengers, and as well as new hand-held and mobile titles. Social-networking giant Facebook, Inc. is said to be testing their new 'Place Tips' feature for iOS users that will rival a similar service being provided by Yelp or Foursquare. The feature will provide the user relevant content about their location as long as they are there through pop ups on their news feed page of Facebook.
comments powered by Disqus
Follow RTT