Martin Midstream (MMLP) Prices 1.65M Common Unit Offering at $32.35/Unit

Martin Midstream Partners L.P. (NASDAQ: MMLP) announced today that it has priced its previously announced public offering of 1,650,000 of its common units at price to the public of $32.35 per unit. The closing of the offering is expected to occur on February 8, 2010, subject to satisfaction of customary closing conditions. Estimated net proceeds from the offering will be used by Martin Midstream Partners to repay outstanding indebtedness incurred under its revolving loan facility, which amounts may be reborrowed to fund both recent acquisitions and expansion capital expenditures.

UBS Investment Bank, RBC Capital Markets Corporation and Wells Fargo Securities are acting as joint book-running managers for the offering. In addition, Morgan Keegan & Company, Inc. and Stifel, Nicolaus & Company, Incorporated are co-managing underwriters. Martin Midstream Partners has granted the underwriters a 30Â day option to purchase up to an additional 247,500 common units in order to cover any over-allotments in connection with the offering.