Martin Midstream to redeem $175 million of 8 7/8% notes at 104.438

By Susanna Moon

Chicago, Feb. 28 - Martin Midstream Partners LP said it will redeem all $175 million outstanding 8 7/8% senior notes due 2018 issued with a wholly owned subsidiary.

The company will redeem the notes at 104.438% of par on April 1 for a total payment of $182,766,500 plus accrued interest, according to a press release.

Funding for the redemption will come from borrowings under the company's credit facility.

Wells Fargo Bank (214 756-7431) is the agent.

Martin Midstream is a Kilgore, Texas-based company that collects, transports, stores and markets petroleum products and byproducts.

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