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Sprague Resources LP Announces Launch Of Initial Public Offering

Wednesday, 16 Oct 2013 07:00am EDT 

Sprague Resources LP announced the launch of its initial public offering of 8,500,000 common units representing limited partner interests. Sprague will list its common units on the New York Stock Exchange under the ticker symbol "SRLP." Sprague anticipates granting the underwriters an option to purchase up to an additional 1,275,000 common units at the initial public offering price. Barclays Capital Inc., J.P. Morgan Securities LLC, and BofA Merrill Lynch are acting as joint book-running managers for the offering and BMO Capital Markets Corp., Raymond James & Associates, Inc., Janney Montgomery Scott LLC, BNP Paribas Securities Corp., Natixis Securities Americas LLC, RBS Securities Inc. and SG Americas Securities, LLC are acting as co-managers for the offering.