debt
confidence high
sentiment neutral
materiality 0.70
Martin Midstream Partners prices $400M of 11.500% senior secured second lien notes due 2028
MARTIN MIDSTREAM PARTNERS L.P.
- $400M aggregate principal of 11.500% senior secured second lien notes due 2028, priced at 97.000% of face.
- Net proceeds to repurchase ~$345.1M outstanding existing notes via tender offers and optional redemptions.
- Expected close on February 8, 2023; notes mature February 15, 2028.
- Additional use: partially repay outstanding borrowings under revolving credit facility.