---
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"
generated_at: "2026-05-17T05:45:13.007889+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Martin Midstream amends credit facility: maturity to Nov 2027, capacity cut to $130M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001176334-25-000121
- JSON: https://secwatch.observer/filing/0001176334-25-000121.json
- Plain text: https://secwatch.observer/filing/0001176334-25-000121.txt

## Key facts
- Debt Financings
  MARTIN MIDSTREAM PARTNERS L.P. amended revolving credit of $130.0 million with Royal Bank of Canada maturing November 16, 2027.
  - Instrument: revolving credit
  - Principal: $130.0 million
  - Counterparty: Royal Bank of Canada
  - Maturity: November 16, 2027
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1176334/000117633425000121/0001176334-25-000121-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.