Lehigh Gas Partners LP

ANNOUNCES CLOSING OF PUBLIC OFFERING OF COMMON UNITS INCLUDING FULL EXERCISE OF OVER-ALLOTMENT OPTION

LEHIGH GAS PARTNERS LP ANNOUNCES
CLOSING OF PUBLIC OFFERING OF COMMON UNITS
INCLUDING FULL EXERCISE OF OVER-ALLOTMENT OPTION

ALLENTOWN, PA (September 19, 2014) - Lehigh Gas Partners LP (NYSE: LGP) (the "Partnership" or "Lehigh Gas Partners") announced today that it has closed its previously announced public offering of 4,140,000 common units representing limited partner interests in the Partnership at a price to the public of $33.99 per common unit, including 540,000 common units issued pursuant to the full exercise of the underwriters' option to purchase additional common units.

 

The Partnership intends to use the net proceeds of approximately $135.0 million from this offering to reduce indebtedness outstanding under its credit facility and for general partnership purposes.

 

The common units were offered and sold pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (the "SEC").  The offering was made only by means of a prospectus supplement, filed with the SEC, and the related prospectus.  Barclays Capital Inc., BofA Merrill Lynch, Raymond James & Associates, Inc., Wells Fargo Securities, LLC and RBC Capital Markets, LLC acted as joint book-running managers for the offering, and Robert W. Baird & Co. Incorporated and Janney Montgomery Scott LLC acted as co-managers for the offering. A copy of the prospectus supplement and accompanying prospectus may be obtained from:

Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
1-888-603-5847
[e-mail]

BofA Merrill Lynch,
222 Broadway, New York, NY 10038
Attn: Prospectus Department
email: [e-mail]

Raymond James & Associates, Inc.
880 Carillon Parkway
St. Petersburg, Florida 33716
1-800-248-8863
[e-mail]

Wells Fargo Securities, LLC
Attn: Equity Syndicate Department
375 Park Avenue
New York, New York 10152
Telephone: [phone]

RBC Capital Markets, LLC
ATTN: Equity Syndicate
Three World Financial Center
200 Vesey St., 8^th Floor
New York, NY 10281-8089
Phone: [phone]
Email: [e-mail]

An electronic copy of the prospectus supplement and accompanying prospectus may also be obtained at no charge at the SEC's website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.  The offering was made only by means of a prospectus supplement and accompanying prospectus, each of which is part of an effective shelf registration statement filed by the Partnership with the SEC.