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Martin Midstream Adds Deutsche to Lending Group, Increases Facility to $637.5MM

February 19, 2014, 07:28 AM
Filed Under: Petrochemical

Martin Midstream Partners L.P. has increased the size of its revolving credit facility to $637.5 million. This represents an increase of $37.5 million as the Partnership has added Deutsche Bank AG – New York Branch to its syndicate of lenders for that amount. The revolving credit facility is the Partnership's primary source of liquidity and matures March 28, 2018. As of December 31, 2013, the Partnership had $235 million outstanding on its revolving credit facility.

Martin Midstream Partners L.P. is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. The Partnership's primary business lines include: (1) terminalling, storage and packaging services for petroleum products and by-products; (2) natural gas liquids distribution services and natural gas storage; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) marine transportation services for petroleum products and by-products.

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