Sprague Resources LP: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Zacks Investment Research Inc.
Sprague Resources LP Completes Initial Public Offering
Sprague Resources LP announced that the completion of its initial public offering of 8,500,000 common units representing limited partner interests at $18.00 per common unit. Net proceeds to Sprague from the offering were approximately $140.2 million, after deducting underwriting discounts, the structuring fee and estimated offering expenses. Sprague intends to use the net proceeds from this offering to reduce amounts outstanding under the working capital facility of its new credit agreement. Barclays Capital Inc., J.P. Morgan Securities LLC, and BofA Merrill Lynch acted 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 acted as co-managers for the offering.
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