One-Page Deal Sheet
Martin Midstream Sells East TX Pipeline for $17.5 Million
Not Disclosed Martin Midstream Partners Lp
Announced Date
August 14,2019
Transaction Type
Asset
Transaction Details: Subscribe to see
Martin Midstream Partners L.P. has sold its East Texas Pipeline to an undisclosed buyer.
The net proceeds of approximately $17.5 million will be used to reduce outstanding borrowings under the Partnership’s revolving credit facility.
Ruben Martin, President and Chief Executive Officer of Martin Midstream GP LLC, the general partner of the Partnership said, “The East Texas Pipeline sale is one more step along the Partnership’s strategic path of selling non-core assets and using the proceeds to reduce leverage. In addition, this transaction is immediately accretive as the Pipeline has been…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| May-10-2018 |
-  |
- |
Click here | Midstream | |
| Aug-04-2016 |
- |
- |
Click here | Texas | Midstream |