Oiltanking Partners, L.P. (“Oiltanking Partners”), a subsidiary of Oiltanking Holding Americas Inc., announced this week that it intends to commence an initial public offering of 10,000,000 common units The common units will be listed on the New York Stock Exchange and traded under the symbol “OILT”.
Oiltanking Partners is a recently formed Master Limited Partnership holding the shares in Oiltanking Houston and Oiltanking Beaumont. Oiltanking Houston and Oiltanking Beaumont engage in the terminaling, storage and transportation of crude oil, refined petroleum products and liquefied petroleum gas. The terminals are located along the upper Gulf Coast of the United States in Houston / Texas and Beaumont / Texas.
The common units being offered to the public would represent a 26% limited partner interest in Oiltanking Partners, or a 29.0% limited partner interest if the underwriters exercised their over-allotment option in full.
Citi, Barclays Capital, J.P. Morgan and Morgan Stanley act as joint book-running managers for the offering. Raymond James, Deutsche Bank Securities and Stifel Nicolaus Weisel act as co-managers for the offering.
This offering of common units will be made only by means of a prospectus. The registration statement is available on the SEC’s web site at www.sec.gov under the registrant’s name, “Oiltanking Partners, L.P.”
This news release is only for your confidential information and shall not constitute an offer or a solicitation to act in respect of a.m. intentions.
Oiltanking is a subsidiary of Marquard & Bahls AG, Germany, a leading petroleum company, privately owned. Oiltanking is the second largest independent tank storage provider for petroleum products, chemicals and gases worldwide. The company owns and operates 71 terminals in 22 countries within Europe, North and South America, Middle East, India as well as Asia. Oiltanking has an overall storage capacity exceeding 18.3 million cubic meters.
www.oiltanking.com
www.marquard-bahls.com
Corporate Communication
Marquard & Bahls AG
Koreastraße 7
20457 Hamburg
Germany