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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 4, 1999
TransMontaigne Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware 001-11763 06-1052062
(State or Other (Commission File (IRS Employer
Jurisdiction of Number Identification
Incorporation) Number)
370 Seventeenth Street
Suite 2750
Denver, CO 80202
(Address of Principal Executive Office)
Registrant's telephone number, including area code: (303) 626-8200
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Item 5. Other Events
On May 4, 1999, TransMontaigne Inc. filed the press release attached hereto
as Exhibit 99.1.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
99.1 Press release dated May 4, 1999.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TransMontaigne Inc.,
By: /s/ Harold R. Logan, Jr.
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Harold R. Logan, Jr.
Executive Vice President
May 4, 1999
Exhibit 99.1
Contact: Richard E. Gathright - President and Chief Operating Officer
or Harold R. Logan, Jr. - Executive Vice President/Finance
303-626-8200
TUESDAY, 4 MAY 1999
Denver - Denver-based TransMontaigne Inc. ("TransMontaigne") (ASE:TMG) today
announced the signing with Amerada Hess Corporation ("Hess") (NYSE:AHC), New
York, of a definitive agreement whereby a TransMontaigne unit will acquire the
Hess Southeastern Pipeline Network of refined petroleum product facilities for
$66.2 million. This network, which is strategically interconnected to the
Colonial and Plantation pipeline systems, includes approximately 5.3 million
barrels of tankage at 11 storage and terminal facilities located in Collins (2)
and Purvis, Mississippi; Doraville, Georgia; Belton and Spartanburg, South
Carolina; Charlotte, Selma (2) and Greensboro, North Carolina; and Montvale,
Virginia, and 36 miles of proprietary pipelines.
TransMontaigne will purchase all related product inventories which are being
priced separately. The transaction is expected to close prior to 30 June 1999,
subject to the completion of due diligence by TransMontaigne and the receipt of
regulatory approvals.
TransMontaigne is the dominant independent provider of "seamless" petroleum
product services to the energy industry in the United States operating at over
150 supply points in 49 states. TransMontaigne offers a broad range of
logistically integrated transportation, storage, terminaling, supply, exchange,
distribution and marketing services to refiners, manufacturers, transporters,
suppliers, distributors, marketers and end-users of petroleum products, crude
oil, chemicals, and other bulk liquids. With the acquisition of the Hess
Southeastern Pipeline facilities, the TransMontaigne network of company-owned
assets includes 70 terminal, storage and delivery facilities having a combined
tank storage capacity of over 20 million barrels and three pipeline systems.
These assets, coupled with the use of an additional 60 third party terminal
facilities and the position of TransMontaigne as a major shipper on numerous
common carrier pipeline systems, support the annual handling of over 200 million
barrels of petroleum products.
