Tuesday, Martin Midstream Partners L.P. (MMLP) along with its subsidiary, Martin Midstream Finance Corp., it intends to sell $200 million in aggregate principal amount of senior unsecured notes due 2018 in a private placement to eligible purchasers. The transaction is subject to market conditions. The company intends to use the net proceeds of this offering to repay existing long-term indebtedness.
Martin Midstream Partners L.P. engages in the collection, transportation, storage, and marketing of petroleum products and by-products in the United States Gulf Coast region. The company operates in four segments: Terminalling and Storage, Natural Gas Services, Marine Transportation, and Sulfur Services.
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