Arc Logistics Partners

11.5.13

Arc Logistics Partners LP Announces Pricing of Initial Public Offering

New York, NY, November 5, 2013 (GLOBE NEWSWIRE) – Arc Logistics Partners LP (“Arc Logistics” or the “Partnership”) today announced the pricing of its initial public offering of 6,000,000 common units representing limited partner interests at $19.00 per common unit. The common units are expected to begin trading on the New York Stock Exchange on November 6, 2013 under the ticker symbol “ARCX.”  In addition, the Partnership has granted the underwriters a 30-day option to purchase up to an additional 900,000 common units at the initial public offering price.  The offering is expected to close on November 12, 2013, subject to customary closing conditions.

Upon the consummation of the offering, the public will own common units representing a 49.3% limited partner interest in the Partnership (or a 52.8% limited partner interest if the underwriters exercise their option to purchase additional common units).  Lightfoot Capital Partners, LP (the “sponsor”) will own common units and subordinated units representing a 42.9% limited partner interest in the Partnership (or a 39.9% limited partner interest if the underwriters exercise their option to purchase additional common units).

The Partnership intends to use the net proceeds from the offering and borrowings under its amended and restated credit facility to fund the purchase of a 10.3% limited liability company interest in Gulf LNG Holdings Group, LLC from an affiliate of GE Energy Financial Services, to make a cash distribution to Gulf Coast Asphalt Company, L.L.C. as partial consideration for the contribution of its preferred units in Arc Terminals LP to the Partnership and to repay intercompany payables owed to the Partnership’s sponsor. The net proceeds from any exercise of the underwriters’ option to purchase additional common units will be used to reduce amounts outstanding under the Partnership’s amended and restated credit facility.

Citigroup Global Markets Inc., Barclays Capital Inc., SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC, are acting as joint book-running managers for the offering, and RBC Capital Markets, LLC, Robert W. Baird & Co. Incorporated, Stifel, Nicolaus & Company, Incorporated and Global Hunter Securities are acting as co-managers for the offering.  The offering of these securities is being made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. When available, a copy of the final prospectus may be obtained from:

Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
batprospectusdept@citi.com
Toll-Free: (800) 831-9146

Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
1-888-603-5847 or
Barclaysprospectus@broadridge.com

SunTrust Robinson Humphrey, Inc.
3333 Peachtree Road N.E., 11th Floor
Atlanta Financial Center, South Tower
Atlanta, GA 30326
Attn: Equity Syndicate
Telephone: 404-926-5744
Email: STRH.Prospectus@suntrust.com

Wells Fargo Securities, LLC
Attn: Equity Syndicate Department
375 Park Avenue
New York, New York 10152
Telephone: (800) 326-5897
Email: cmclientsupport@wellsfargo.com

You may also get a copy of the final prospectus for free by visiting the U.S. Securities and Exchange Commission’s (the “SEC”) website at http://www.sec.gov.

A registration statement relating to these securities has been filed with and declared effective by the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities described above in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Arc Logistics Partners LP
Arc Logistics is a fee-based, growth-oriented limited partnership that is focused on owning, operating, developing and acquiring a diversified portfolio of energy logistics assets across the United States. Arc Logistics is primarily engaged in the terminalling, storage, throughput and transloading of crude oil and petroleum products.

Forward-Looking Statements
This press release may include forward-looking statements.  These forward-looking statements involve risks and uncertainties.  When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Arc Logistics’ prospectus and SEC filings.  Arc Logistics undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release.  You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Investor Contact:
Anne G. Fegely
(212) 993-1290
IR@arcxlp.com

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