TransMontaigne Partners LLC: debt financing — TransMontaigne amends credit agreement to cut term loan margin to SOFR+2.5% or base+1.5%

TransMontaigne Partners LLC

Reduction of applicable margin on term loans; new rate: SOFR + 2.5% or base rate + 1.5% per annum.
All other terms and conditions of the credit facility remain unchanged after Amendment No. 5.
Amendment effective August 1, 2025; no change in principal amount or maturity date.
Repricing expected to lower interest expense, subject to borrower's election of rate type.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TransMontaigne Partners LLC amended credit facility with Barclays Bank PLC at term SOFR rate plus an applicable margin of 2.5% or an alternate base rate plus.

Instrument: credit facility
Counterparty: Barclays Bank PLC
Rate: term SOFR rate plus an applicable margin of 2.5% or an alternate base rate plus
Event: amendment

Exact text from the filing

On August 1, 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. 5 (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, the reduction of the applicable margin of the term loans under the credit facility (the "Repricing").

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Source: SEC EDGAR

accession 0001104659-25-073033

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