2012-10-17 14:13:01 -
Lehigh Gas Partners LP Launches Initial Public Offering
ALLENTOWN, PA (October 17, 2012) - Lehigh Gas Partners LP, a Delaware limited
partnership, announced today it has commenced an initial public offering (the
Offering) of 6,000,000 common units representing limited partner interests in
Lehigh Gas Partners pursuant to a registration statement on Form S-1 previously
filed with the U.S. Securities and Exchange Commission ("SEC"). The
underwriters will be granted a 30-day option to purchase up to an additional
900,000 common units. The common units are expected to trade on the New York
Stock Exchange under the symbol "LGP."
Lehigh Gas Partners, headquartered in Allentown, PA, was formed to engage in the
wholesale distribution of motor fuels and to own and lease real estate used in
the retail distribution of motor fuels. Lehigh Gas Partners owns and leases
sites located in Pennsylvania, New Jersey, Ohio, New York, Massachusetts,
Kentucky, New Hampshire and Maine.
Raymond James & Associates, Inc. and Robert W. Baird & Co., Incorporated are
acting as joint book-running managers for the Offering. Oppenheimer & Co., Inc.,
Janney Montgomery Scott LLC, and Wunderlich Securities, Inc. are acting as co-
managers for the Offering.
The Offering of common units will be made only by means of a Prospectus. A
written Prospectus, meeting the requirements of Section 10 of the Securities Act
of 1933, when available, may be obtained from the offices of:
Raymond James & Associates, Inc.
Attn: Equity Syndicate
880 Carillon Parkway
St. Petersburg, FL 33716
(800) 248-8863
andrea.borum@raymondjames.com
Robert W. Baird & Co., Incorporated
Attn: Syndicate Department
777 E. Wisconsin Avenue
Milwaukee, WI 53202
(800) 792-2413
syndicate@rwbaird.com
A registration statement relating to these securities has been filed with the
SEC but has not yet become effective. These securities may not be sold nor may
offers to buy be accepted prior to the time the registration statement becomes
effective. The registration statement is available on the SEC's web site at
www.sec.gov under the registrant's name, "Lehigh Gas Partners LP."
This
news release shall not constitute an offer to sell or a solicitation of an offer
to buy, 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
state or jurisdiction.
About Lehigh Gas Partners
Lehigh Gas Partners, headquartered in Allentown, PA, was formed to engage in the
wholesale distribution of motor fuels and to own and lease real estate used in
the retail distribution of motor fuels. Lehigh Gas Partners owns and leases
sites located in Pennsylvania, New Jersey, Ohio, New York, Massachusetts,
Kentucky, New Hampshire and Maine.
Forward-Looking Statements
This news release contains "forward-looking statements" which are based on
current plans and expectations and involve a number of risks and uncertainties
that could cause actual results and events to vary materially, including but not
limited to the inability to complete the initial public offering and to list the
common units on the New York Stock Exchange. For a full discussion of these
risks and uncertainties, please refer to the "Risk Factors" section of the
Registration Statement on Form S-1 initially filed by Lehigh Gas Partners LP on
May 11, 2012 and the information included in subsequent amendments and other
filings. These forward-looking statements are based on and include our
expectations as of the date hereof. Subsequent events and market developments
could cause our expectations to change. While we may elect to update these
forward-looking statements at some point in the future, we specifically disclaim
any obligation to do so, even if new information becomes available, except as
may be required by applicable law.
# # #
CONTACTS:
Karen Yeakel
Vice President, Investor Relations
Lehigh Gas Partners
610-625-8126
kyeakel@lehighgas.com
Pete Waldron
Vice President, Public Affairs, Corporate Communications & Philanthropy
Lehigh Gas Partners
(610) 625-8073
pwaldron@lehighgas.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Lehigh Gas Partners LP via Thomson Reuters ONE
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