IMTT announced today that it has closed on the sale of the company’s two Savannah, Georgia terminals to Colonial Group, Inc. in a cash transaction for an undisclosed amount.

$1,000,000 philanthropic investment will help develop emerging community organizations; support will also help sustain Coalition operations.

IMTT will expand its renewable fuels terminal capacity at its Geismar, LA terminal to handle renewable feedstocks and renewable products.

IMTT priced the offering of $1.22 billion aggregate principal amount of 6.500% senior notes due 2029 at an offering price equal to 100% of the principal thereof. The offering of the notes is expected to close on or about July 8, 2021.

ITT announced that it intends to offer $1.22 billion aggregate principal amount of senior notes due 2029 in an unregistered offering.