Arc Logistics Partners LP Prices 6M Share IPO at $19 per Share

Arc Logistics Partners LP ARCX today announced the pricing of its initial public offering of 6,000,000 common units representing limited partner interests at $19.00 per common unit. The common units are expected to begin trading on the New York Stock Exchange on November 6, 2013 under the ticker symbol "ARCX." In addition, the Partnership has granted the underwriters a 30-day option to purchase up to an additional 900,000 common units at the initial public offering price. The offering is expected to close on November 12, 2013, subject to customary closing conditions. Upon the consummation of the offering, the public will own common units representing a 49.3% limited partner interest in the Partnership (or a 52.8% limited partner interest if the underwriters exercise their option to purchase additional common units). Lightfoot Capital Partners, LP (the "sponsor") will own common units and subordinated units representing a 42.9% limited partner interest in the Partnership (or a 39.9% limited partner interest if the underwriters exercise their option to purchase additional common units). The Partnership intends to use the net proceeds from the offering and borrowings under its amended and restated credit facility to fund the purchase of a 10.3% limited liability company interest in Gulf LNG Holdings Group, LLC from an affiliate of GE Energy Financial Services, to make a cash distribution to Gulf Coast Asphalt Company, L.L.C. as partial consideration for the contribution of its preferred units in Arc Terminals LP to the Partnership and to repay intercompany payables owed to the Partnership's sponsor. The net proceeds from any exercise of the underwriters' option to purchase additional common units will be used to reduce amounts outstanding under the Partnership's amended and restated credit facility. Citigroup Global Markets Inc., Barclays Capital Inc., SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC, are acting as joint book-running managers for the offering, and RBC Capital Markets, LLC, Robert W. Baird & Co. Incorporated, Stifel, Nicolaus & Company, Incorporated and Global Hunter Securities 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, as amended. When available, a copy of the final prospectus may be obtained from: