Reuters logo
BRIEF-Sprague Resources LP to acquire natural gas and electricity business from Global Partners LP
January 3, 2017 / 11:26 AM / 9 months ago

BRIEF-Sprague Resources LP to acquire natural gas and electricity business from Global Partners LP

Jan 3 (Reuters) - Sprague Resources LP:

* Sprague Resources LP - Deal for $17.3 million

* Sprague Resources LP announces agreement to acquire natural gas and electricity business from Global Partners LP

* Sprague Resources LP says Sprague intends to fund transaction with borrowings from its senior secured credit facility

* Sprague Resources LP - Global deal is expected to be accretive to distributable cash flow and generate approximately $3 million of adjusted ebitda annually

* Sprague Resources LP - acquired customer portfolio is expected to increase sprague’s annual natural gas sales volume by approximately 8 billion cubic feet

* Sprague Resources LP - acquired customer portfolio expected to expand sprague’s annual electricity brokerage by 1 billion kwh, in sprague’s current service area Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below