On October 30, 2013, Sprague Resources LP (“Sprague” or the “Partnership”) completed its initial public offering of 8,500,000 common units representing limited partner interests, at $18.00 per unit. Sprague has granted the underwriters a 30-day option to purchase up to an additional 1,275,000 common units. The common units are being traded on the New York Stock Exchange under the ticker symbol “SRLP.”
The offering generated approximately $140.2 million of net proceeds.
Barclays Capital Inc., J.P. Morgan Securities LLC and BofA Merrill Lynch acted as joint book-running managers for the offering. BMO Capital Markets Corp., Raymond James & Associates, Inc., Janney Montgomery Scott LLC, BNP Paribas Securities Corp., Natixis Securities Americas LLC, RBS Securities Inc. and SG Americas Securities, LLC acted as co-managers for the offering.
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