# EDGAR Filing Document

**Accession Number:** 0001176334
**File Stem:** 0001176334-23-000019
**Filing Date:** 2023-1
**Character Count:** 10871
**Document Hash:** d5d5de0a904b662177afe258fc85a595
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001176334-23-000019.hdr.sgml**: 20230131

**ACCESSION NUMBER**: 0001176334-23-000019

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230131

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230131

**DATE AS OF CHANGE**: 20230131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MARTIN MIDSTREAM PARTNERS L.P.
- **CENTRAL INDEX KEY:** 0001176334
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-PETROLEUM BULK STATIONS & TERMINALS [5171]
- **IRS NUMBER:** 050527861
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-50056
- **FILM NUMBER:** 23572913

**BUSINESS ADDRESS:**
- **STREET 1:** 4200 STONE ROAD
- **CITY:** KILGORE
- **STATE:** TX
- **ZIP:** 75662
- **BUSINESS PHONE:** 9039836252

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 191
- **CITY:** KILGORE
- **STATE:** TX
- **ZIP:** 75663

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MARTIN MIDSTREAM PARTNERS LP
- **DATE OF NAME CHANGE:** 20020626

?xml version="1.0" ? mmlp-20230131

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of report (date of earliest event reported): January 31, 2023**

**MARTIN MIDSTREAM PARTNERS L.P.**

(Exact name of Registrant as specified in its charter)

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| | | | |
|:---|:---|:---|:---|
| **Delaware** | **000-50056** | | **05-0527861** |
| (State of incorporation<br>or organization) | (Commission file number) | (I.R.S. employer identification number) | (I.R.S. employer identification number) |
| **4200 Stone Road** | | | |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Kilgore, Texas 75662**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Address of principal executive offices) (Zip code)

Registrant's telephone number, including area code: (903) 983-6200

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act**

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Units representing limited partnership interests | MMLP | The NASDAQ Global Select Market |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the

Exchange Act. □

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| | |
|:---|:---|
| **Item 8.01** | **Other Events.** |

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On January 31, 2023, Martin Midstream Partners L.P. ("MMLP"), issued a press release announcing the pricing of the offering (the "Offering") by MMLP and its wholly owned subsidiary, Martin Midstream Finance Corp., of $400 million in aggregate principal amount of senior secured second lien notes due 2028 (the "Notes"). A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein. This Current Report on Form 8-K does not constitute an offer to sell or the solicitation of an offer to buy the Notes.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits** |

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**(d)** &nbsp;&nbsp;&nbsp;&nbsp;**<u>Exhibits</u>**

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| | |
|:---|:---|
| Exhibit<br>Number | Description |
| 99.1 | <u>[Press Release, dated January 3](exhibit991-pressreleasexpr.htm)[1](exhibit991-pressreleasexpr.htm)[, 2023, announcing the](exhibit991-pressreleasexpr.htm)[pricing of the](exhibit991-pressreleasexpr.htm)[Offering.](exhibit991-pressreleasexpr.htm)</u> |
| 104 | Cover Page Interactive Data File. The cover page XBRL tags are embedded within the inline XBRL document (contained in Exhibit 101). |

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&nbsp;&nbsp;&nbsp;&nbsp;**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | |
|:---|:---|
| | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MARTIN MIDSTREAM PARTNERS L.P.<br>By: Martin Midstream GP LLC,<br>Its General Partner |
| Date: January 31, 2023 | By: /s/ Sharon L. Taylor |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sharon L. Taylor |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice President and Chief Financial Officer  |

---

## Exhibit 99.1

**Exhibit 99.1**

**Martin Midstream Partners Announces Pricing of Offering of $400 Million Senior Secured Second Lien Notes**

KILGORE, TX — January 31, 2023—Martin Midstream Partners L.P. (NASDAQ:MMLP) ("MMLP") and its wholly owned subsidiary, Martin Midstream Finance Corp. ("MMFC" and together with MMLP, the "Issuers"), have priced their offering of $400 million in aggregate principal amount of 11.500% senior secured second lien notes due 2028 (the "Notes") at a price to the public of 97.000% of their face value. The Notes will be guaranteed by certain of MMLP's current wholly owned subsidiaries and future subsidiaries. The Notes and the guarantees will be secured on a second-priority basis by a lien on the collateral of the Issuers and the guarantors, which will consist of substantially all the assets of the Issuers and the guarantors, subject to certain exceptions.

The Notes will mature on February 15, 2028. The offering is expected to close on February 8, 2023, subject to customary conditions.

The Issuers intend to use the net proceeds from the offering to (i) repurchase any and all of the approximately $53.7 million outstanding aggregate principal amount of the Issuers' 10.000% senior secured 1.5 lien notes due 2024 and the approximately $291.4 million outstanding aggregate principal amount of the Issuers' 11.500% senior secured second lien notes due 2025 (collectively, the "Existing Notes") through cash tender offers (the "Tender Offers"), (ii) to the extent any Existing Notes remain outstanding after the Tender Offers, pay the redemption price of such Existing Notes using the optional redemption provisions of the indentures governing the Existing Notes, (iii) pay fees and expenses incurred in connection with the offering or the repurchase of the Existing Notes and (iv) partially repay outstanding borrowings under MMLP's revolving credit facility.

The Notes and related guarantees are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), or outside the United States to persons other than "U.S. persons" in compliance with Regulation S under the Securities Act. The Notes and related guarantees have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release is issued pursuant to Rule 135c of the Securities Act and does not constitute an offer to sell any security, including the Notes, nor a solicitation for an offer to purchase any security, including the Notes or the Existing Notes, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful.

**About Martin Midstream Partners**

MMLP, headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States. MMLP's primary business lines include: (1) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution, and transportation services.

**Forward-Looking Statements**

All statements in this release other than historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, including (i) the effects of the continued volatility of commodity prices and the related macroeconomic and political environment, (ii) risks and uncertainties related to the capital markets generally, (iii) whether the Issuers will offer the Notes or consummate the offering, (iv) the anticipated terms of the Notes, (v) the anticipated use of proceeds, including the repurchase of the Existing Notes, and (vi) other factors, many of which are outside its control, which could cause actual results to differ materially from such statements. While MMLP believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in anticipating or predicting certain important factors. A discussion of these factors, including risks and uncertainties, is set forth in MMLP's annual and quarterly reports filed from time to time with the Securities and Exchange Commission (the "SEC"). MMLP disclaims any intention

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or obligation to revise any forward-looking statements, including financial estimates, whether as a result of new information, future events, or otherwise except where required to do so by law.

**Contact:**

Sharon Taylor

Chief Financial Officer

(877) 256-6644

investor.relations@mmlp.com

MMLP-F

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