DE
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45-41165414
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(State or other jurisdiction of
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(IRS Employer
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incorporation)
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Identification No.)
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The description of the asset purchase described under this Item 2.01 is qualified in its entirety by a copy of the Asset Purchase Agreement incorporated by reference into this Form 8-K (the "Agreement'). The representations and warranties of the parties in the Agreement are, in many respects, qualified by materiality and limited to the knowledge of the entity making the representation and warranty, but their accuracy forms the basis of one of the conditions to the obligations of the parties to complete the transaction. Please note, however, that these representations and warranties were made only for purposes of the Agreement and as of specific dates, were solely for the benefit of the parties thereto, and are subject to limitations agreed to between the parties, including that they are qualified by disclosures between the parties that are not included with this report. Accordingly, investors and third parties should not rely on these representations and warranties as independent characterizations of the actual state of facts at the time they were made or otherwise but should consider them together with the other information that we have disclosed in other filings with the SEC.
The information in this Item 7.01 and Exhibit 99.1 attached hereto are furnished under Item 7.01 and shall not be deemed "file" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Act, except as expressly set forth by specific reference in such filing. The information in this Report will not be deemed an admission as to the materiality of any information required to be disclosed solely to satisfy the requirements of Regulation FD.
2.1 Asset Purchase Agreement, dated August 1, 2013, by and between Rocky Top Markets, LLC and Rocky Top Properties, LLC, on the one part, and Lehigh Gas Partners LP, Lehigh Gas Wholesale LLC, LGP Realty Holdings LP, and Lehigh Gas Wholesale Services, Inc. on the other part (Previously filed as Exhibit 2.1 to our Current Report on Form 8-K filed with the SEC on August 2, 2013).
99.1 Press Release, dated September 25, 2013, regarding the Rocky Top acquisition.
Lehigh Gas Partners LP
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Date: September 25, 2013
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By:
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/s/ Frank Macerato
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Frank Macerato
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General Counsel, Secretary & Chief Compliance Officer
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Exhibit No.
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Description
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EX-99.1
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Press Release, dated September 25, 2013, regarding the Rocky Top acquisition
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Exhibit 99.1
Lehigh Gas Partners LP Completes the Acquisition of 33 Sites in the Knoxville, Tennessee Region
ALLENTOWN, PA (September 25, 2013) -
Lehigh Gas Partners LP (NYSE: LGP) (the "Partnership") announced today that it completed the previously announced asset acquisition in the Knoxville, Tennessee region from Rocky Top Markets, LLC and Rocky Top Properties, LLC. The Partnership paid $10.6 million at closing for the purchase of one (1) fee property site, three (3) leasehold motor fuel stations, seven (7) third party supply contracts and certain other assets and equipment. Concurrent with the closing, the Partnership entered into a master lease for 29 motor fuel stations, which it will purchase on or after August 1, 2015 for $26.3 million. The transaction was financed under the Partnership's credit facility.About Lehigh Gas Partners
Lehigh Gas Partners, headquartered in Allentown, PA, is a leading wholesale distributor of motor fuels and owner and lessee of real estate used in the retail distribution of motor fuels. Formed in 2012, Lehigh Gas Partners owns or leases more than 500 sites in eleven states: Pennsylvania, New Jersey, Ohio, Florida, New York, Massachusetts, Kentucky, New Hampshire, Maine, Tennessee and Virginia. The company is affiliated with several major oil brands, including ExxonMobil, BP, Shell, Chevron, Sunoco and Valero. LGP ranks as one of ExxonMobil's largest distributors by fuel volume in the United States and in the top 10 for many additional brands. For additional information, please visit www.lehighgas.com.
Forward-Looking Statements
Except for the historical information and discussions contained herein, statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Achieving the results described in these statements involves a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in Lehigh Gas Partner LP's filings with the Securities and Exchange Commission. Lehigh Gas Partners LP disclaims any obligation to update or revise any forward-looking statements.
CONTACTS:
INVESTORS:
Karen Yeakel
Vice President, Investor Relations
Lehigh Gas Partners
610-625-8126
kyeakel@lehighgas.com