Sprague

Sprague Resources LP Announces Anticipated Closing Date of Merger with Hartree Affiliate and Intention to Delist Its Common Units

Retrieved on: 
Friday, October 21, 2022

Upon the closing of the merger on the terms and conditions set forth in the merger agreement, the Partnership will be a wholly owned subsidiary of the Purchaser.

Key Points: 
  • Upon the closing of the merger on the terms and conditions set forth in the merger agreement, the Partnership will be a wholly owned subsidiary of the Purchaser.
  • Following completion of the merger, the common units of the Partnership will cease to be listed on the NYSE and will be deregistered under the Securities Exchange Act of 1934.
  • Sprague Resources LP is a master limited partnership engaged in the purchase, storage, distribution and sale of refined petroleum products and natural gas.
  • You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Sprague Resources LP Announces Amendment to Merger Agreement with Hartree Partners and New Anticipated Closing Timing

Retrieved on: 
Wednesday, August 31, 2022

PORTSMOUTH, N.H., Aug. 31, 2022 (GLOBE NEWSWIRE) -- Sprague Resources LP (the Partnership) (NYSE: SRLP) today announced that it has entered into an amendment (the Amendment) to the agreement and plan of merger (the Merger Agreement) with an affiliate of Hartree Partners, LP (Hartree), pursuant to which Hartree will acquire all of the outstanding common units of the Partnership (the Common Units) not already owned by Hartree and its affiliates (the Merger).

Key Points: 
  • PORTSMOUTH, N.H., Aug. 31, 2022 (GLOBE NEWSWIRE) -- Sprague Resources LP (the Partnership) (NYSE: SRLP) today announced that it has entered into an amendment (the Amendment) to the agreement and plan of merger (the Merger Agreement) with an affiliate of Hartree Partners, LP (Hartree), pursuant to which Hartree will acquire all of the outstanding common units of the Partnership (the Common Units) not already owned by Hartree and its affiliates (the Merger).
  • Following execution of the Amendment, the Partnership expects that the Merger will close in the fourth quarter of 2022.
  • Sprague Resources LP is a master limited partnership engaged in the purchase, storage, distribution and sale of refined petroleum products and natural gas.
  • Sprague undertakes no obligation and does not intend to update any forward-looking statements to reflect new information or future events.

Sprague Resources LP Announces Anticipated Closing Date of Merger with Hartree Affiliate and Intention to Delist Its Common Units

Retrieved on: 
Friday, August 19, 2022

Upon the closing of the merger on the terms and conditions set forth in the merger agreement, the Partnership will be a wholly owned subsidiary of the Purchaser.

Key Points: 
  • Upon the closing of the merger on the terms and conditions set forth in the merger agreement, the Partnership will be a wholly owned subsidiary of the Purchaser.
  • Following completion of the merger, the common units of the Partnership will cease to be listed on the NYSE and will be deregistered under the Securities Exchange Act of 1934.
  • Sprague Resources LP is a master limited partnership engaged in the purchase, storage, distribution and sale of refined petroleum products and natural gas.
  • You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Negative-Carbon Heating Fuel Coming Soon to U.S. Homes

Retrieved on: 
Monday, August 2, 2021

Residents of Lincoln, Maine won't have to imagine for long soon such a fuel will be produced in their community.

Key Points: 
  • Residents of Lincoln, Maine won't have to imagine for long soon such a fuel will be produced in their community.
  • The plant will convert forest waste into a biofuel called ethyl levulinate (EL), which can replace heating oil or be blended into it alongside other renewable fuels.
  • In 2020, Sprague Resources, one of the largest heating oil wholesalers in the Northeast, announced a purchase agreement with BDNE.
  • Sprague will buy a significant portion of the EL produced in Lincoln, and with an extensive terminal network, is positioned to supply the renewable fuel to heating oil dealers across the region.

Sprague Resources LP Announces Sale of Interest in General Partner

Retrieved on: 
Friday, May 28, 2021

PORTSMOUTH, N.H., May 28, 2021 (GLOBE NEWSWIRE) -- Sprague Resources LP (Sprague or the Partnership) (NYSE: SRLP) announced that today Sprague HP Holdings, LLC (Buyer), acquired from Sprague Resources Holdings LLC (Sprague Holdings) 100% of the limited liability company interests of Sprague Resources GP LLC (the General Partner), the general partner of Sprague; all of Sprague Holdings common units; and, all of the Partnerships Incentive Distribution Rights.

Key Points: 
  • PORTSMOUTH, N.H., May 28, 2021 (GLOBE NEWSWIRE) -- Sprague Resources LP (Sprague or the Partnership) (NYSE: SRLP) announced that today Sprague HP Holdings, LLC (Buyer), acquired from Sprague Resources Holdings LLC (Sprague Holdings) 100% of the limited liability company interests of Sprague Resources GP LLC (the General Partner), the general partner of Sprague; all of Sprague Holdings common units; and, all of the Partnerships Incentive Distribution Rights.
  • The Buyer and its affiliates now collectively hold approximately 74.5% of the Partnerships outstanding common units.
  • Sprague Resources LP is engaged in the purchase, storage, distribution and sale of refined petroleum products and natural gas.
  • More information concerning Sprague can be found at www.spragueenergy.com .

Vishay Intertechnology to Highlight Leading Military-Qualified, COTS, and Space-Grade Capacitors, Power Inductors, and Resistors at CMSE 2021

Retrieved on: 
Thursday, April 8, 2021

For the event, Vishay will be showcasing its extensive offering of military-qualified, COTS, and space-grade capacitors, power inductors, and resistors.

Key Points: 
  • For the event, Vishay will be showcasing its extensive offering of military-qualified, COTS, and space-grade capacitors, power inductors, and resistors.
  • At the conference, Vishay Custom Magnetics will be highlighting a new series of space-grade IHLP power inductors for satellite power applications.
  • Featured military-qualified tantalum capacitors at CMSE 2021 will include through-hole, surface-mount, and high energy wet tantalum capacitors, in addition to Vishay Sprague conformal-coated and molded solid surface-mount tantalum chip capacitors.
  • At the conference, Vishay Dale will be showcasing a wide range of military-qualified resistors with established reliability.

Sprague Resources LP 2020 Form 10-K Now Available

Retrieved on: 
Thursday, March 4, 2021

PORTSMOUTH, N.H., March 04, 2021 (GLOBE NEWSWIRE) -- Sprague Resources LP (Sprague) (NYSE: SRLP) has filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 with the Securities and Exchange Commission on March 4, 2021.

Key Points: 
  • PORTSMOUTH, N.H., March 04, 2021 (GLOBE NEWSWIRE) -- Sprague Resources LP (Sprague) (NYSE: SRLP) has filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 with the Securities and Exchange Commission on March 4, 2021.
  • A copy of this Annual Report may be viewed and downloaded from the Investor Relations section of the Partnerships website at https://investors.spragueenergy.com.
  • Sprague Resources LP is a master limited partnership engaged in the purchase, storage, distribution and sale of refined petroleum products and natural gas.
  • Sprague also provides storage and handling services for a broad range of materials.

Sprague Resources LP Reports Third Quarter 2020 Results

Retrieved on: 
Thursday, November 5, 2020

PORTSMOUTH, N.H., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Sprague Resources LP (Sprague) (NYSE: SRLP) today reported its financial results for the third quarter ended September30, 2020.

Key Points: 
  • PORTSMOUTH, N.H., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Sprague Resources LP (Sprague) (NYSE: SRLP) today reported its financial results for the third quarter ended September30, 2020.
  • Adjusted EBITDA* was $20.2 million for the third quarter of 2020, compared to adjusted EBITDA of $13.9 million for the third quarter of 2019.
  • On October26, 2020, the Board of Directors of Spragues general partner, Sprague Resources GP LLC, announced a cash distribution of $0.6675 per unit for the quarter ended September30, 2020, equivalent to the previous quarter.
  • Management will review Spragues third quarter 2020 financial results in a teleconference call for analysts and investors today, November5, 2020.

Sprague Resources LP Announces Cash Distribution for the Third Quarter of 2020 and Earnings Conference Call Schedule

Retrieved on: 
Monday, October 26, 2020

Sprague also announced that Sprague Resources Holdings LLC, a wholly owned subsidiary of Axel Johnson Inc. and the owner of Spragues General Partner will receive cash, in respect of the incentive distribution rights payable in connection with the distribution for the third quarter of 2020.

Key Points: 
  • Sprague also announced that Sprague Resources Holdings LLC, a wholly owned subsidiary of Axel Johnson Inc. and the owner of Spragues General Partner will receive cash, in respect of the incentive distribution rights payable in connection with the distribution for the third quarter of 2020.
  • The announced distribution will be paid on Thursday, November 12, 2020, to unitholders of record as of the close of business on November 6, 2020.
  • Sprague Resources LP is engaged in the purchase, storage, distribution and sale of refined petroleum products and natural gas.
  • IN WITNESS WHEREOF, the undersigned members of the Board of the Company have duly approved Third Quarter 2020 Distribution and Earnings Call announcement on November 3, 2020.

Sprague Resources LP Announces Cash Distribution for the Second Quarter of 2020 and Earnings Conference Call Schedule

Retrieved on: 
Friday, July 24, 2020

Sprague also announced that Sprague Resources Holdings LLC, a wholly owned subsidiary of Axel Johnson Inc. and the owner of Spragues General Partner will receive cash, in respect of the incentive distribution rights payable in connection with the distribution for the second quarter of 2020.

Key Points: 
  • Sprague also announced that Sprague Resources Holdings LLC, a wholly owned subsidiary of Axel Johnson Inc. and the owner of Spragues General Partner will receive cash, in respect of the incentive distribution rights payable in connection with the distribution for the second quarter of 2020.
  • The announced distribution will be paid on Monday, August10, 2020, to unitholders of record as of the close of business on August4, 2020.
  • Sprague will release its second quarter 2020 unaudited financial results before the opening of trading on the NYSE on Thursday, August6, 2020 and will host a conference call that day at 1:00 p.m. Eastern time to discuss its financial results.
  • Sprague Resources LP is engaged in the purchase, storage, distribution and sale of refined petroleum products and natural gas.