TransMontaigne Partners L.P. Announces Pricing of Public Offering of Senior Notes

DENVER–(BUSINESS WIRE)–TransMontaigne Partners L.P. (NYSE:TLP) (the “Partnership”) today
announced the pricing of the previously announced public offering (the
“Offering”) of $300 million in aggregate principal amount of senior
unsecured notes due 2026 (the “Notes”) of the Partnership and TLP
Finance Corp., the Partnership’s wholly owned subsidiary. The Notes
mature on February 15, 2026, will pay interest at the rate of 6.125% per
year and were priced at par. The expected settlement date for the
Offering is February 12, 2018, subject to the satisfaction of customary
closing conditions.

The Partnership intends to use the proceeds from the Offering to repay
existing indebtedness under its revolving credit facility, for general
partnership purposes, and to pay transaction fees and expenses.

RBC Capital Markets, BofA Merrill Lynch, Citigroup, Credit Suisse, MUFG
and Wells Fargo Securities are acting as joint book-running managers for
the Offering. ABN AMRO, BMO Capital Markets, PNC Capital Markets LLC, US
Bancorp and BBVA are acting as co-managers.

When available, copies of the prospectus supplement and accompanying
base prospectus relating to the Offering may be obtained free of charge
on the Securities and Exchange Commission’s website at www.sec.gov
or from the underwriters of the Offering as follows:

RBC Capital Markets
200 Vesey Street, 8th Floor
New
York, NY 10281
Attention: High Yield Capital Markets
Email: [email protected]
Fax:
(212) 618-2210

The Notes are being offered and sold pursuant to an effective shelf
registration statement previously filed with the Securities and Exchange
Commission. This press release does not constitute an offer to sell or
the solicitation of an offer to buy the securities described herein, nor
shall there be any sale of these securities in any state or 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 is being made only by means of a prospectus
and related prospectus supplement meeting the requirements of Section 10
of the Securities Act of 1933, as amended.

About TransMontaigne Partners L.P.

TransMontaigne Partners L.P. is a terminaling and transportation company
based in Denver, Colorado with operations in the United States along the
Gulf Coast, in the Midwest, in Houston and Brownsville, Texas, along the
Mississippi and Ohio Rivers, in the Southeast and on the West Coast. We
provide integrated terminaling, storage, transportation and related
services for customers engaged in the distribution and marketing of
light refined petroleum products, heavy refined petroleum products,
crude oil, chemicals, fertilizers and other liquid products. Light
refined products include gasolines, diesel fuels, heating oil and jet
fuels, and heavy refined products include residual fuel oils and asphalt.

Forward-Looking Statements

This press release includes statements that may constitute
forward-looking statements. Although the Partnership believes that the
expectations reflected in such forward-looking statements are based on
reasonable assumptions, such statements are subject to risks and
uncertainties that could cause actual results to differ materially from
those projected. A number of factors could cause actual results to
differ materially from the Partnership’s expectations and adversely
affect its business and results of operations. See “Item 1A. Risk
Factors” in the Partnership’s Annual Report on Form 10-K for the year
ended December 31, 2016, filed with the Securities and Exchange
Commission on March 14, 2017, and other public filings and press
releases. Except as required by law, the Partnership undertakes no
obligation to publicly update or revise any forward-looking statements.

Contacts

TransMontaigne Partners L.P.
Frederick W. Boutin,
303-626-8200
Chief Executive Officer
or
Robert T. Fuller,
303-626-8200
Chief Financial Officer