Tuesday, Martin Midstream Partners L.P. (MMLP) commenced an underwritten public offering of 1.65 million common units. The company intends to grant an additional 247,500 common units to cover over-allotments, if any. Martin Midstream Partners intends to use the net proceeds from the offering to repay outstanding indebtedness incurred under its revolving loan facility, which amounts may be reborrowed to fund both recent acquisitions and expansion capital expenditures.
UBS Investment Bank, RBC Capital Markets Corp. and Wells Fargo Securities are acting as joint book-running managers for the offering. In addition, Morgan Keegan & Co. Inc. and Stifel, Nicolaus & Company, Inc. are co-managing underwriters.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.