TransMontaigne to use revolver borrowings for terminal purchases

By Sara Rosenberg

New York, Dec. 19 - TransMontaigne Partners L.P. plans to draw on its existing revolving credit facility to fund the already completed $2 million acquisition of the Oklahoma City terminal from Magellan Pipeline Co. L.P. and the pending $18 million acquisition of The Mobile terminals from an indirect wholly owned subsidiary of TransMontaigne Inc., according to a company news release.

TransMontaigne Partners is a Denver-based refined petroleum products terminaling and pipeline company.

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