APL completes sale of subsidiaries holding interest in pipeline

Atlas Pipeline Partners LP

Atlas Pipeline Partners LP (NYSE: APL) has completed the sale of its subsidiaries holding a 20% interest in the West Texas LPG Pipeline Ltd. Partnership to a subsidiary of Martin Midstream Partners LP (NASDAQ: MMLP) for $135 million.

Proceeds from the sale will be used to reduce the Partnership's outstanding debt. Citigroup Global Markets Inc. acted as financial advisor, and Jones Day acted as legal advisor for this transaction.

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