One-Page Deal Sheet
Martin Midstream Acquires Interest in Atlas Pipeline
Martin Midstream Partners Lp Atlas Pipeline Partners Lp
Announced Date
May 05,2014
Close Date
May 15,2014
Transaction Type
Asset
Location
Region
Permian,Gulf Coast - South Texas
Country
United States
State
Texas
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Transaction Details: Subscribe to see
Closing Announcement - May 14, 2014
Atlas Pipeline Partners, L.P. has announced the Partnership has completed the sale of its subsidiaries holding a 20% interest in the West Texas LPG Pipeline Limited Partnership to a subsidiary of Martin Midstream Partners L.P. for $135 Million, subject to certain closing adjustments.
Proceeds from the sale will be used to reduce the Partnership's outstanding debt. Citigroup Global Markets, Inc. acted as financial advisor and Jones Day acted as legal advisor for this transaction.
Initial Announcement - May 5, 2014Martin Midstream Partners L.P. has entered…