TransMontaigne Partners L.P. Announces Underwriters' Exercise of Option to Purchase Additional Units

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TransMontaigne Partners L.P. Announces Underwriters' Exercise of Option to Purchase Additional Units

DENVER--(BUSINESS WIRE)-- TransMontaigne Partners L.P. (NYS: TLP) today announced the closing of the sale of 217,500 common units representing limited partner interests of the Partnership at the public offering price of $43.32 per common unit pursuant to the underwriters' option to purchase additional common units. The Partnership granted this option to the underwriters in connection with its previously announced public offering of 1,450,000 common units. TransMontaigne GP L.L.C., the general partner of the Partnership, is expected to make a proportionate cash contribution to maintain its 2.0% general partner interest in the Partnership.

The Partnership intends to use the net proceeds from the offering, including net proceeds from the underwriters' exercise of their option, to repay indebtedness outstanding under its senior secured credit facility. The Partnership may reborrow any amounts repaid under its senior secured credit facility to fund its proportionate share of the construction cost of Battleground Oil Specialty Terminal Company LLC, its joint venture with Kinder Morgan Energy Partners, L.P.

Morgan Stanley, BofA Merrill Lynch, Citigroup and Wells Fargo Securities acted as joint book-running managers for the offering.

Copies of the preliminary prospectus supplement, prospectus supplement and accompanying base prospectus relating to the offering may be obtained free of charge on the Securities and Exchange Commission's website at or from the underwriters of the offering as follows:

Morgan Stanley
180 Varick Street, 2nd Floor
New York, NY 10014
Attention: Prospectus Department
Phone: (866) 718-1649


BofA Merrill Lynch
222 Broadway
New York, NY 10038
Attention: Prospectus Department


c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Phone: (800) 831-9146


Wells Fargo Securities
375 Park Avenue
New York, NY 10152
Attention: Equity Syndicate Department
Phone: (800) 326-5897


The common units were offered and sold pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering was made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

About TransMontaigne Partners L.P.

TransMontaigne Partners L.P. (NYS: TLP) is a terminaling and transportation company with operations primarily in the United States along the Gulf Coast, in the Midwest, in Houston and Brownsville, Texas, along the Mississippi and Ohio Rivers, and in the Southeast. The Partnership provides integrated terminaling, storage, transportation and related services for customers engaged in the distribution and marketing of light refined petroleum products, heavy refined petroleum products, crude oil, chemicals, fertilizers and other liquid products. The Partnership does not purchase or market products that it handles or transports.

Forward-Looking Statements

This press release includes statements that may constitute forward-looking statements. Although the Partnership believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. A number of factors could cause actual results to differ materially from the Partnership's expectations and adversely affect its business and results of operations, including the Partnership's ability to use the net proceeds as indicated in this press release. See "Item 1A. Risk Factors" in the Partnership's Annual Report on Form 10-K for the year ended December 31, 2012, filed with the Securities and Exchange Commission on March 12, 2013, and other public filings and press releases. Except as required by law, the Partnership undertakes no obligation to publicly update or revise any forward-looking statements.

TransMontaigne Partners
Charles L. Dunlap, CEO, 303-626-8200
Gregory J. Pound, COO, 303-626-8200
Frederick W. Boutin, CFO, 303-626-8200

KEYWORDS:   United States  North America  Colorado


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