VTTI Energy Partners LP Coming to Market
By: Tim McPartland,
July 27, 2014 11 pm
VTTI Energy Partners LP will come to market late this week with an offering which will own crude oil and refined product terminals around the world.
The issue is slated to be brought at a price of $19-$21 with an initial minimum distribution of .2625/unit equaling a likely initial distribution of 5.25% (at $20/unit).
We have not done much due diligence on this issue as of this time, but we are thinking we are less likely to have interest in a storage issue than in upstream or most midstream pipeline companies (since we have actually had little MLP interest in recent times).
Below is the most recently filed registration statement for this company.