KILGORE, Texas, July 16, 2020 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (Nasdaq: MMLP) (the “Partnership”) today announced that it and its subsidiary, Martin Midstream Finance Corp. (“FinanceCo” and, together with the Partnership, the “Issuers”), have extended (1) the early participation date with respect to its previously announced exchange offer (the “Exchange Offer”) and cash tender offer (the “Cash Tender Offer”) to exchange or purchase, as applicable, the Issuers’ outstanding 7.25% senior unsecured notes due 2021 (the “Existing Notes”) from 5:00 p.m., New York City time, on July 22, 2020, to 5:00 p.m., New York City time, on July 23, 2020 (the “Early Participation Date”), (2) the rights offering funding date with respect to the previously announced rights offering (the “Rights Offering”) for certain holders of Existing Notes that participate in the Exchange Offer to acquire the Issuers’ 10.00% senior secured 1.5 lien notes due 2024 (the “New Notes”) from 5:00 p.m., New York City time, on July 28, 2020, to 5:00 p.m., New York City time, on July 29, 2020 (the “Rights Offering Funding Date”), (3) the expiration time with respect to the Exchange Offer and Cash Tender Offer, as applicable, from 5:00 p.m., New York City time, on August 6, 2020, to 5:00 p.m., New York City time, on August 7, 2020 (the “Expiration Time”) and (4) the expected settlement date with respect to the Exchange Offer and Cash Tender Offer, as applicable, from August 11, 2020, to August 12, 2020 (the “Settlement Date”), in each case, unless extended or earlier terminated by the Issuers.
Martin Midstream Partners L.P. Announces Extension of Early Participation Date, Rights Offering Funding Date, Expiration Time and Settlement Date of Exchange Offer, Cash Tender Offer and Consent Solicitations for Certain Outstanding Notes
Jul 16, 2020
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers