Sprague Resources LP: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Sprague Resources LP Prices Initial Public Offering Of Common Units
Sprague Resources LP announced the pricing of its initial public offering of 8,500,000 common units representing limited partner interests at $18.00 per common unit. The common units will commence trading on the New York Stock Exchange on October 25, 2013 under the ticker symbol 'SRLP.' The offering is expected to close on October 30, 2013, subject to customary closing conditions. Sprague intends to use the net proceeds that it will receive to reduce indebtedness. The underwriters have been granted a 30-day 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.
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