Martin Midstream Partners L.P. and its wholly owned subsidiary, Martin Midstream Finance Corp. intend to commence an offering of $400 million in aggregate principal amount of senior secured second lien notes due 2028 (the "Notes"). The Notes will be guaranteed by certain of MMLP's current wholly owned subsidiaries and future subsidiaries.

The Notes and the guarantees will be secured on a second-priority basis by a lien on the collateral of the Issuers and the guarantors, which will consist of substantially all the assets of the Issuers and the guarantors, subject to certain exceptions. The Issuers intend to use the net proceeds from the offering to (i) repurchase any and all of the approximately $53.7 million outstanding aggregate principal amount of the Issuers' 10.00% senior secured 1.5 lien notes due 2024 and the approximately $291.4 million outstanding aggregate principal amount of the Issuers' 11.50% senior secured second lien notes due 2025 (collectively, the "Existing Notes") through cash tender offers (the "Tender Offers"), (ii) to the extent any Existing Notes remain outstanding after the Tender Offers, pay the redemption price of such Existing Notes using the optional redemption provisions of the indentures governing the Existing Notes, (iii) pay fees and expenses incurred in connection with the offering or the repurchase of the Existing Notes and (iv) partially repay outstanding borrowings under MMLP's revolving credit facility.