Martin Midstream Partners L.P. Announces Private Placement and Concurrent Tender Offers

Martin Midstream Partners L.P. Announces Expiration and Results for Its Cash Tender Offers for Any and All of Its Outstanding 10.00% Senior Secured 1.5 Lien Notes Due 2024 and 11.50% Senior Secured Second Lien Notes Due 2025 Background Image

Vinson & Elkins served as initial purchasers’ counsel in connection with the private placement of $400 million in aggregate principal amount of 11.500% senior secured second lien notes due 2028 by Martin Midstream Partners L.P. (“MMLP”) and its wholly-owned subsidiary Martin Midstream Finance Corp.

Vinson & Elkins also advised the initial purchasers in simultaneous tender offers by MMLP to purchase (i) any and all of the approximately $53.7 million outstanding aggregate principal amount of the 10.00% senior secured 1.5 lien notes due 2024 and (ii) any and all of the approximately $291.4 million outstanding aggregate principal amount of the Issuers’ 11.50% senior secured second lien notes due 2025.

The Vinson & Elkins team was led by partners Mike Telle, David Stone and David Wicklund, with assistance from senior associates Ximena Kuri and Johnathan Nixon and associates Markeya Brown, Walt Baker and Waleed Vohra. Also advising were partners James Meyer, Wendy Salinas and Ryan Carney and associate Jeff Slusher; partner Chris Dawe and associates Taylor Daily, Natalie Harrison, Joe Kmak and Payton Hampton; partner Shane Tucker and counsel Kat Mull; partner John Michael and associate John Larbalestier; partner Damien Lyster and associate Reagan Lutter; and partner Matt Dobbins and associate Alexis Boyd.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 13 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

For more information, please speak with our media contacts.