Business
Martin Midstream Partners L.P. Announces Expiration and Results for Its Excess Cash Flow Offer to Purchase up to $9.3 Million Aggregate Principal Amount of Outstanding 11.50% Senior Secured Second Lien Notes Due 2025
KILGORE, Texas--(BUSINESS WIRE)-- Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP” or the “Partnership”) today announced the expiration and results of
About this update from Martin Midstream Partners L.p.
[{"type":"text","content":" KILGORE, Texas--(BUSINESS WIRE)--\nMartin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP” or the “Partnership”) today announced the expiration and results of its previously announced cash tender offer (the “Excess Cash Flow Offer”) to purchase up to $9,305,000 aggregate principal amount (the “Excess Cash Flow Offer Amount”) of its outstanding 11.50% Senior Secured Second Lien Notes due 2025 (the “Notes”) at a purchase price of 100% of the aggregate principal amount thereof, plus accrued and unpaid interest to, but not including, the purchase date.\n\nThe Tender Offer expired at 5:00 p.m., New York City time, on April 13, 2022 (the “Expiration Time”). As of the Expiration Time, an aggregate principal amount of $589,229, or approximately 0.20%, of the Notes were validly tendered and not validly withdrawn. MMLP has accepted for payment all Notes validly tendered prior to the Expiration Time pursuant to the Excess Cash Flow Offer and made payment for such Notes on April 14, 2022.\n\nRequests for documents relating to the tender offer may be directed to D.F. King & Co., Inc., the Information Agent, at (800) 628-8532 (Toll-Free) or (212) 269-5550, by email at [email protected], or via the following web address: www.dfking.com/mmlp.\n\nThis press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any Notes.\n\nAbout Martin Midstream Partners\n\nMMLP, headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States. MMLP’s primary business lines include: (1) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution, and transportation services. To learn more, visit www.MMLP.com. Follow Martin Midstream Partners L.P. on LinkedIn and Facebook.\n\nForward-Looking Statements\n\nAll 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 an...