TransMontaigne Partners plans amendment and expansion of facility

By Sara Rosenberg

New York, Nov. 8 - TransMontaigne Partners LP is planning on amending and expanding its existing credit facility to finance the acquisition of TransMontaigne Inc.'s terminal facilities at Brownsville, Texas, and along the Mississippi and Ohio Rivers, according to a company news release.

The purchase price is about $135 million and the acquisition is expected to close on or before Dec. 31.

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

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