Martin Midstream is looking to raise $200 million in a sale of eight-year notes, Bloomberg reports. The operator of oil and natural gas pipelines and terminals along the Gulf of Mexico coast will sell the bonds in a private placement.

The company will to use the net proceeds of this offering to repay existing long-term indebtedness. Martin Midstream operates in terminalling and storage, natural gas services, marine transportation and sulfur services, adds RTT News.

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