TransMontaigne Partners’ $300 Million Senior Notes Offering


Baker Botts represented the Underwriters on the offering

TransMontaigne Partners L.P. (NYSE: TLP) (the “Partnership”) announced the pricing of the offering of $300 million aggregate principal amount of 6.125% Senior Notes due 2026 of the Partnership and TLP Finance Corp., the Partnership’s wholly owned subsidiary, at a public offering price of 100.00%. The offering is expected to close on February 12, 2018, subject to customary closing conditions.

The Partnership intends to use the proceeds from the offering to repay existing indebtedness under its revolving credit facility, for general partnership purposes and to pay transaction fees and expenses.

RBC Capital Markets, BofA Merrill Lynch, Citigroup, Credit Suisse, MUFG and Wells Fargo Securities are acting as joint book-running managers for the Offering. ABN AMRO, BMO Capital Markets, PNC Capital Markets LLC, US Bancorp and BBVA are acting as co-managers.

Baker Botts advised with a team including Josh Davidson (Picture, Houston); A.J. Ericksen (Partner, Houston), Carina Antweil (Senior Associate, Houston), Jamie Yarbrough (Associate, Houston), Ieuan List (Associate, Houston), Josh Gonzales (Capital Markets). Dan Tristan (Partner, Houston), David Nimmons (Finance) (Capital Markets), Chuck Campbell (Tax), Scott Janoe (Partner, Houston), Harrison Reback (Environmental), Greg Wagner (Partner, D.C.), Andrew Stuyvenberg (Energy), Connie Simmons (Partner, Houston) and Whitney Crayton (Real Estate).

Involved fees earner: Joshua Davidson – Baker Botts; A.J. Ericksen – Baker Botts; Carina Antweil – Baker Botts; Jamie Yarbrough – Baker Botts; Ieuan List – Baker Botts; Josh Gonzales – Baker Botts; Daniel Tristan – Baker Botts; David Nimmons – Baker Botts; Chuck Campbell – Baker Botts; Scott Janoe – Baker Botts; Harrison Reback – Baker Botts; Gregory Wagner – Baker Botts; Andrew Stuyvenberg – Baker Botts; Consuella Simmons Taylor – Baker Botts; Whitney Crayton – Baker Botts;

Law Firms: Baker Botts;

Clients: Bank of America Merrill Lynch; Citigroup Inc.; Credit Suisse; Banco Bilbao Vizcaya Argentaria (Bbva); Abn Amro; RBC Capital Markets; PNC Capital Markets LLC; US Bancorp; Mitsubishi UFJ Financial Group; BMO Capital Markets; Wells Fargo Securities;

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Author: Ambrogio Visconti