HubsBaker Botts Represents Underwriters to TransMontaigne Partners in Senior Notes Offering
Release
Deal Description: On February 7, 2018, TransMontaigne Partners L.P. (NYSE: TLP) (the “Partnership”) announced the pricing of the offering of $300 million aggregate principal amount of 6.125% Senior Notes due 2026 of the Partnership and TLP Finance Corp., the Partnership’s wholly owned subsidiary, at a public offering price of 100.00%. The offering is expected to close on February 12, 2018, subject to customary closing conditions.
The Partnership intends to use the proceeds from the offering to repay existing indebtedness under its revolving credit facility, for general partnership purposes and to pay transaction fees and expenses.
RBC Capital Markets, BofA Merrill Lynch, Citigroup, Credit Suisse, MUFG and Wells Fargo Securities are acting as joint book-running managers for the Offering. ABN AMRO, BMO Capital Markets, PNC Capital Markets LLC, US Bancorp and BBVA are acting as co-managers.
Baker Botts Lawyers/Office Involved:
Corporate: Josh Davidson (Partner, Houston); A.J. Ericksen (Partner, Houston), Carina Antweil (Senior Associate, Houston), Jamie Yarbrough (Associate, Houston), Ieuan List (Associate, Houston) and Josh Gonzales (Associate, Houston)
Finance:Dan Tristan (Partner, Houston) and David Nimmons (Associate, Houston)
Tax: Chuck Campbell (Special Counsel, Houston)
Environmental: Scott Janoe (Partner, Houston) and Harrison Reback (Associate, Houston)
Energy Regulatory: Greg Wagner (Partner, D.C.) and Andrew Stuyvenberg (Associate, D.C.)
Real Estate: Connie Simmons (Partner, Houston) and Whitney Crayton (Associate, Houston)
The Partnership intends to use the proceeds from the offering to repay existing indebtedness under its revolving credit facility, for general partnership purposes and to pay transaction fees and expenses.
RBC Capital Markets, BofA Merrill Lynch, Citigroup, Credit Suisse, MUFG and Wells Fargo Securities are acting as joint book-running managers for the Offering. ABN AMRO, BMO Capital Markets, PNC Capital Markets LLC, US Bancorp and BBVA are acting as co-managers.
Baker Botts Lawyers/Office Involved:
Corporate: Josh Davidson (Partner, Houston); A.J. Ericksen (Partner, Houston), Carina Antweil (Senior Associate, Houston), Jamie Yarbrough (Associate, Houston), Ieuan List (Associate, Houston) and Josh Gonzales (Associate, Houston)
Finance:Dan Tristan (Partner, Houston) and David Nimmons (Associate, Houston)
Tax: Chuck Campbell (Special Counsel, Houston)
Environmental: Scott Janoe (Partner, Houston) and Harrison Reback (Associate, Houston)
Energy Regulatory: Greg Wagner (Partner, D.C.) and Andrew Stuyvenberg (Associate, D.C.)
Real Estate: Connie Simmons (Partner, Houston) and Whitney Crayton (Associate, Houston)
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