secwatch / observer
8-K filed February 6, 2025, 6:59 PM ET CIK 0001319229
debt confidence high sentiment positive materiality 0.75

TransMontaigne Partners LLC: debt financing — TransMontaigne extends revolver to Aug 2029, cuts margin, agrees to sell two terminals

TransMontaigne Partners LLC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

TransMontaigne Partners LLC amended credit facility of No additional principal was incurred; the existing credit facility's principal amount remains unchanged. with Barclays Bank PLC, as administrative agent and collateral agent, and the lenders party thereto at accrue interest at a per annum rate equal to, at OpCo's election, either a term maturing the earlier of (x) August 31, 2029 and (y) to the extent that any Tranche B term loans under the credit facility remain outstanding, the date that is ninety-one.

Instrument
credit facility
Principal
No additional principal was incurred; the existing credit facility's principal amount remains unchanged.
Counterparty
Barclays Bank PLC, as administrative agent and collateral agent, and the lenders party thereto
Rate
accrue interest at a per annum rate equal to, at OpCo's election, either a term
Maturity
the earlier of (x) August 31, 2029 and (y) to the extent that any Tranche B term loans under the credit facility remain outstanding, the date that is ninety-one
Event
amendment
Exact text from the filing
Amendment No. 4 to Credit Agreement On February 5, 2025, TransMontaigne Partners LLC (the "Company"), as parent guarantor, and TransMontaigne Operating Company L.P., a Delaware limited partnership and wholly owned subsidiary of the Company ("OpCo"), entered into an Amendment No. 4 (the "Amendment") to its existing Credit Agreement dated as of November 17, 2021 among the Company, OpCo, Barclays Bank PLC, as administrative agent and collateral agent, and the lenders party thereto, which provides for, among other things, (i) the extension of the maturity date with respect to the revolving facility (the "Extension") and (ii) the reduction of the applicable margin of the revolving loans under the credit facility (the "Repricing").
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Source: SEC EDGAR
accession 0001104659-25-009955
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