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Lehigh Gas Partners LP announces closing of public offering of common units including full exercise of over-allotment option

Tuesday, 10 Dec 2013 04:20pm EST 

Lehigh Gas Partners LP:Closes public offering of 3,565,000 common units representing limited partner interests in the partnership at a price to the public of $26.90 per common unit, including 465,000 common units issued under the full exercise of the over-allotment option granted to the underwriters.Intends to use the net proceeds of about $91.6 million, after deducting underwriting discounts and commissions and estimated offering expenses, to reduce indebtedness outstanding under its credit facility and for general partnership purposes.Says Raymond James & Associates, Inc., Barclays Capital Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC acted as joint book-running managers for the offering.Says Robert W. Baird & Co. Incorporated and Janney Montgomery Scott LLC acted as co-managers for the offering. 

Company Quote

-0.02 -0.06%
4:02pm EDT