{"schema_version":"secwatch.filing_event.v1","accession":"0001176334-25-000121","form_type":"8-K","ticker":"MMLP","cik":"0001176334","company_name":"MARTIN MIDSTREAM PARTNERS L.P.","filed_at":"2025-09-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.493389+00:00","generated_at":"2026-05-17T05:45:13.007889+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Martin Midstream amends credit facility: maturity to Nov 2027, capacity cut to $130M","bullets":["Maturity extended from Feb 8, 2027 to Nov 16, 2027; revolving capacity reduced from $150M to $130M.","New covenants: min Interest Coverage Ratio 1.75x, max Total Leverage 4.50x (stepping to 4.75x), max First Lien Leverage 1.25x.","Accordion feature permits up to $50M additional borrowing, subject to lender consent.","As of June 30, 2025, $41M was outstanding under the facility.","Lead arranger: Wells Fargo; admin agent: Royal Bank of Canada; legal counsel: Baker Botts."],"urls":{"canonical":"https://secwatch.observer/filing/0001176334-25-000121","json":"https://secwatch.observer/filing/0001176334-25-000121.json","markdown":"https://secwatch.observer/filing/0001176334-25-000121.md","text":"https://secwatch.observer/filing/0001176334-25-000121.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1176334/000117633425000121/0001176334-25-000121-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1176334/000117633425000121/mmlp-20250924.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:45:13.007889+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"44d79cbdbd013b43738af496cac827ab5bc632d4","claim":"MARTIN MIDSTREAM PARTNERS L.P. amended revolving credit of $130.0 million with Royal Bank of Canada maturing November 16, 2027.","evidence_excerpt":"2027 to November 16, 2027; • decrease the amount available for the Operating Partnership to borrow under the Credit Agreement on a revolving credit basis from $150.0 million to $130.0 million; and • adjust the financial covenants as described in more detail below: ◦ require the Operating Partnership to maintain a minimum Interest Coverage Ratio (as defined in the","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1176334/000117633425000121/0001176334-25-000121-index.htm","confidence":0.97,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$130.0 million"},{"label":"Counterparty","value":"Royal Bank of Canada"},{"label":"Maturity","value":"November 16, 2027"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}