MARTIN MIDSTREAM PARTNERS L.P. (NASDAQ:MMLP) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01
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Completion of Acquisition or Disposition of Assets.
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On December 21, 2016, Martin Midstream Partners L.P. (the
Partnership) completed the previously announced sale of its
900,000 barrel crude oil storage terminal known as the Corpus
Christi Crude Terminal (or CCCT), its refined product barge
terminal, certain pipelines and related easements as well as
dockage and trans-loading assets to NuStar Logistics, L.P.
(NuStar). In consideration of the sale of these assets, the
Partnership received net cash proceeds of approximately $95.2
million at closing, before transaction fees and expenses. The
proceeds include the application of certain net cash payments
previously received by the Partnership in conjunction with its
mandated relocation of certain dockage assets as well as the
reimbursement of certain capital expenditures and prepaid items
and are net of transaction related costs. Pro forma financial
information with respect to the sale of assets is provided as
Exhibit 99.1 to this Current Report on Form 8-K and is
incorporated herein by reference.
Partnership) completed the previously announced sale of its
900,000 barrel crude oil storage terminal known as the Corpus
Christi Crude Terminal (or CCCT), its refined product barge
terminal, certain pipelines and related easements as well as
dockage and trans-loading assets to NuStar Logistics, L.P.
(NuStar). In consideration of the sale of these assets, the
Partnership received net cash proceeds of approximately $95.2
million at closing, before transaction fees and expenses. The
proceeds include the application of certain net cash payments
previously received by the Partnership in conjunction with its
mandated relocation of certain dockage assets as well as the
reimbursement of certain capital expenditures and prepaid items
and are net of transaction related costs. Pro forma financial
information with respect to the sale of assets is provided as
Exhibit 99.1 to this Current Report on Form 8-K and is
incorporated herein by reference.
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Item 9.01
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Financial Statements and Exhibits.
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(b) Pro Forma Financial Information
Unaudited Pro Forma Condensed Consolidated Financial Information.
See Exhibit 99.1.
See Exhibit 99.1.
(d) > Exhibits
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Exhibit
Number
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Description
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99.1
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Unaudited Pro Forma Condensed Consolidated Financial
Information |
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99.2
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Press Release dated December 21, 2016
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