Martin Midstream to price $250 million eight-year notes on Wednesday

By Paul A. Harris

Portland, Ore., Feb. 5 - Martin Midstream Partners LP and Martin Midstream Finance Corp. plan to host an investor call at 11 a.m. ET on Wednesday to discuss their $250 million offering eight-year senior notes (expected ratings B3/B), according to a syndicate source.

The deal is also expected to price on Wednesday.

Wells Fargo Securities LLC is the left bookrunner.

Bank of America Merrill Lynch, RBC Capital Markets, RBS Securities Inc. and SunTrust Robinson Humphrey Inc. are the joint bookrunners.

ABN Amro, BB&T, Citigroup Global Markets Inc., Comerica Securities, Natixis Securities, Raymond James, Regency Securities and UBS Investment Bank are the co-managers.

The Rule 144A and Regulation S with registration rights notes come with four years of call protection.

Proceeds will be used to repay bank debt.

The prospective issuer is a Kilgore, Texas-based company that collects, transports, stores and markets petroleum products and byproducts.

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