Arc Logistics Partners LP - 2013-11-05
Description
Priced its initial public offering of 6 million common units at $19 per common unit. Net proceeds will be used to fund the purchase of interests in Gulf LNG Holdings Group LLC, to make a cash distribution to Gulf Coast Asphalt Co. LLC, and to repay Lightfoot Capital Partners LP. Citigroup Global Markets Inc., Barclays Capital Inc., SunTrust Robinson Humphrey Inc., and Wells Fargo Securities LLC are joint book-running managers. RBC Capital Markets LLC, Robert W. Baird & Co. Inc., Stifel, Nicolaus & Co. Inc., and Global Hunter Securities are co-managers.