Lehigh Gas to reduce credit facility debt via common stock offering

By Tali Rackner

Norfolk, Va., Sept. 15 – Lehigh Gas Partners LP plans to reduce debt outstanding under its credit facility with the proceeds from a common unit offering, according to a press release.

Proceeds will also be used for general partnership purposes.

Lehigh Gas Partners, based in Allentown, Pa., is a wholesale distributor of motor fuels and owner and lessee of real estate used in the retail distribution of motor fuels.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.