2014

Sprague Resources LP Announces Launch Of Initial Public Offering

PORTSMOUTH, N.H., Oct. 16, 2013 /PRNewswire/ -- Sprague Resources LP ("Sprague") today announced the launch of its initial public offering of 8,500,000 common units representing limited partner interests pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (the "SEC"). Sprague will list its common units on the New York Stock Exchange under the ticker symbol "SRLP." Sprague anticipates granting the underwriters an option to purchase up to an additional 1,275,000 common units at the initial public offering price.

Barclays Capital Inc., J.P. Morgan Securities LLC, and BofA Merrill Lynch are acting as joint book-running managers for the offering and BMO Capital Markets Corp., Raymond James & Associates, Inc., Janney Montgomery Scott LLC, BNP Paribas Securities Corp., Natixis Securities Americas LLC, RBS Securities Inc. and SG Americas Securities, LLC are acting as co-managers for the offering.  The offering of these securities is being made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933.  When available, a copy of the preliminary prospectus may be obtained from:

Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
1-888-603-5847 or
Barclaysprospectus@broadridge.com

J.P. Morgan Securities LLC
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
1-866-803-9204

BofA Merrill Lynch
222 Broadway
New York, NY 10038
Attention: Prospectus Department
dg.prospectus_requests@baml.com

You may also get a copy of the preliminary prospectus for free by visiting the SEC's website at http://www.sec.gov.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. The common units may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the common units in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Sprague Resources LP 

Sprague Resources LP is engaged in the purchase, storage, distribution and sale of refined petroleum products and natural gas. The company also provides storage and handling services for a broad range of materials.

Forward-Looking Statements

This press release may include forward-looking statements.  These forward-looking statements involve risks and uncertainties.  When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Sprague's prospectus and SEC filings.  Sprague undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release.  You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. 

Investor Contact:
Taylor Hudson
+1 603.430.5397
thudson@spragueenergy.com

SOURCE Sprague Resources LP



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