Key Developments: TransMontaigne Partners LP (TLP.N)

TLP.N on New York Stock Exchange

41.30USD
29 Sep 2014
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Latest Key Developments (Source: Significant Developments)

TransMontaigne Partners LP 's subsidiary enters into long-term terminaling services agreement with RaceTrac Petroleum Inc 's subsidiary
Wednesday, 17 Sep 2014 08:27am EDT 

TransMontaigne Partners LP:Says it subsidiary, TransMontaigne Operating Company L.P., has entered into a long-term terminaling services agreement with Metroplex Energy, a subsidiary of RaceTrac Petroleum Inc.Relating to the receipt, storage and delivery of gasoline, ethanol and diesel fuel using tanks with an aggregate capacity of about 2.17 mln barrels at its Cape Canaveral, Port Manatee, Port Everglades South and Tampa terminals.  Full Article

NGL Energy Partners LP and TransMontaigne Partners L.P terminate discussions regarding non-binding acquisition proposal
Friday, 15 Aug 2014 03:47pm EDT 

NGL Energy Partners LP:Says the company and TransMontaigne Partners L.P jointly announced that the Conflicts Committee of the Board of Directors of TransMontaigne GP LLC and NGL have terminated discussions regarding NGL's non-binding proposal, to acquire the outstanding common units of TLP.The Conflicts Committee of the Board of Directors of TransMontaigne GP has reviewed the terms of NGL's non-binding proposal and its independent advisors have held several discussions with NGL's representatives over the last month.  Full Article

TransMontaigne Partners LP announces increase in quarterly distribution
Wednesday, 16 Jul 2014 08:24am EDT 

TransMontaigne Partners LP:Declares distribution of $0.665 per unit for period from April 1 through June 30.Says representing $0.005 increase over previous quarter.Payable on Aug. 7 to unitholders of record on July 31.  Full Article

TransMontaigne Partners L.P. announces increase in quarterly distribution
Monday, 14 Apr 2014 01:45pm EDT 

TransMontaigne Partners L.P:Declares distribution of $0.66 per unit for period from Jan. 1 through March 31 representing a $0.01 increase over previous quarter.This distribution is payable on May 8 to unitholders of record on April 30.  Full Article

Transmontaigne Partners LP entered into a terminaling services agreement relating to bunker fuel tankage
Monday, 24 Feb 2014 09:00am EST 

Transmontaigne Partners LP:Says that its wholly owned subsidiary, TransMontaigne Operating Company L.P., has entered into a terminaling services agreement with an unrelated third-party effective June 1.Relating to the receipt, storage and delivery of marine fuels using tanks with an aggregate capacity of abbout 1.35 million barrels at its Port Everglades and Fisher Island terminals.Tanks related to this new agreement, known as the Florida bunker tanks, were previously used by Morgan Stanley Capital Group Inc.Agreement has an initial term of two years with options to renew thereafter.Expects that the new agreement will generate slightly less revenue related to the Florida bunker tanks at Fisher Island and Port Everglades than the Morgan Stanley agreement generates with respect to those tanks.  Full Article

Transmontaigne Partners LP announces quarterly distribution
Monday, 13 Jan 2014 01:56pm EST 

Transmontaigne Partners LP:Says it declared a distribution of $0.65 per unit for the period from Oct. 1, 2013 through Dec. 31, 2013.Says distribution is payable on Feb. 11, 2014 to unitholders of record on Jan. 31, 2014.  Full Article

Transmontaigne Partners LP Announces Quarterly Distribution
Monday, 14 Oct 2013 01:48pm EDT 

TransMontaigne Partners L.P announced that it declared a distribution of $0.65 per unit for the period from July 1, 2013 through September 30, 2013. This distribution is payable on November 7, 2013 to unitholders of record on October 31, 2013.  Full Article

Transmontaigne Partners LP Announces Underwriters’ Exercise Of Option To Purchase Additional Units
Tuesday, 30 Jul 2013 11:41am EDT 

Transmontaigne Partners LP announced the closing of the sale of 217,500 common units representing limited partner interests of the Partnership at the public offering price of $43.32 per common unit pursuant to the underwriters' option to purchase additional common units. The Partnership granted this option to the underwriters in connection with its previously announced public offering of 1,450,000 common units. TransMontaigne GP L.L.C., the general partner of the Partnership, is expected to make a proportionate cash contribution to maintain its 2.0% general partner interest in the Partnership. The Partnership intends to use the net proceeds from the offering, including net proceeds from the underwriters` exercise of their option, to repay indebtedness outstanding under its senior secured credit facility. The Partnership may reborrow any amounts repaid under its senior secured credit facility to fund its proportionate share of the construction cost of Battleground Oil Specialty Terminal Company LLC, its joint venture with Kinder Morgan Energy Partners, L.P. Morgan Stanley, BofA Merrill Lynch, Citigroup and Wells Fargo Securities acted as joint book-running managers for the offering.  Full Article

Transmontaigne Partners LP Announces Pricing of Public Offering of Common Units
Friday, 19 Jul 2013 08:48am EDT 

Transmontaigne Partners LP announced that it has priced an underwritten public offering of 1,450,000 common units representing limited partner interests of the Partnership. The Partnership has granted the underwriters a 30-day option to purchase up to 217,500 additional common units. The common units were offered to the public at $43.32 per unit. In addition, TransMontaigne GP L.L.C., the general partner of the Partnership, is expected to make a proportionate cash contribution to maintain its 2.0% general partner interest in the Partnership. The offering is expected to close on July 24, 2013, subject to customary closing conditions. The Partnership intends to use a portion of the net proceeds from the offering, including any net proceeds received from an exercise of the underwriters` option to purchase additional common units, to repay indebtedness outstanding under its senior secured credit facility and to fund a portion of its proportionate share of the construction cost of Battleground Oil Specialty Terminal Company LLC, its joint venture with Kinder Morgan Energy Partners, L.P. Morgan Stanley, BofA Merrill Lynch, Citigroup and Wells Fargo Securities are acting as joint book-running managers for the offering.  Full Article

Transmontaigne Partners LP Announces Public Offering Of Common Units
Thursday, 18 Jul 2013 04:01pm EDT 

Transmontaigne Partners LP announced the commencement of an underwritten public offering of 1,450,000 common units representing limited partner interests of the Partnership. The Partnership will also grant the underwriters a 30-day option to purchase up to 217,500 additional common units. TransMontaigne GP L.L.C., the general partner of the Partnership, is expected to make a proportionate cash contribution to maintain its 2.0% general partner interest in the Partnership. The Partnership intends to use the net proceeds from the offering, including any net proceeds from the underwriters` exercise of their option, to repay indebtedness outstanding under its senior secured credit facility and to fund a portion of its proportionate share of the construction cost of Battleground Oil Specialty Terminal Company LLC, its joint venture with Kinder Morgan Energy Partners, L.P. Morgan Stanley, BofA Merrill Lynch, Citigroup and Wells Fargo Securities will act as joint book-running managers for the offering.  Full Article

NGL Energy, TransMontaigne end talks on acquisition proposal

NEW YORK, Aug 15 - NGL Energy Partners LP and TransMontaigne Partners LP said on Friday they have terminated discussions on NGL's non-binding proposal to acquire the outstanding common units of TLP, according to a press release.

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