Proceeds from the sale will be used to further reduce the Partnership’s outstanding debt.
The Partnership expects the transaction to close during the second quarter of 2014, subject to customary closing conditions.
"This transaction will benefit the Partnership as we utilize the proceeds to continue to deleverage the balance sheet and add liquidity to manage the many opportunities in front of the Partnership," commented Eugene Dubay, Chief Executive Officer of the Partnership.
Citigroup Global Markets, Inc. acted as financial advisor and Jones Day acted as legal advisor for this transaction.
