All proceeds from the divestiture will be used to repay outstanding indebtedness under the Partnership's revolving credit facility. In addition to repaying the revolving credit facility, management expects the divestiture to have a positive impact on distributable cash flow. The barges, which were part of the Natural Gas Services segment as floating storage, generated negative cash flow in 2014.
The Partnership expects the sale to be completed before the end of
Statements in this press 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 and other factors, many of which are outside the Partnership's control, which could cause actual results to differ materially from such statements. While the Partnership 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 the Partnership's annual and quarterly reports filed from time to time with the
Additional information concerning
CONTACT: For more information:
Joe McCreery- Head of Investor Relations 903-988-6425 firstname.lastname@example.org
News Provided by Acquire Media