Martin Midstream amends credit agreement: revolver cut to $115M, covenants adjusted

MARTIN MIDSTREAM PARTNERS L.P.

Revolving credit facility reduced from $130M to $115M effective March 31, 2026.
Minimum interest coverage ratio set at 1.65x for fiscal quarters ending March-Dec 2026, then 1.75x.
Maximum total leverage ratio set at 5.50x for same period, stepping down to 5.00x by Sept 2027.
Royal Bank of Canada remains administrative and collateral agent.
Borrower represented no default or material adverse change since Dec 31, 2024.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MARTIN MIDSTREAM PARTNERS L.P. amended Third Amendment to Fourth Amended and Restated Credit Agreement with Royal Bank of Canada, as administrative agent and collateral agent, and the lenders party thereto (effective 2026-03-31).

Action: amendment
Agreement: credit facility
Counterparty: Royal Bank of Canada, as administrative agent and collateral agent, and the lenders party thereto
Effective: 2026-03-31

Exact text from the filing

On March 31, 2026, Martin Operating Partnership L.P. (the “Operating Partnership”), a wholly owned subsidiary of Martin Midstream Partners L.P. (the “Partnership”), the Partnership and certain of the Partnership’s other subsidiaries entered into a Third Amendment to Fourth Amended and Restated Credit Agreement (the “Third Amendment”) with Royal Bank of Canada, as administrative agent and collateral agent, and the lenders party thereto, which amends the Fourth Amended and Restated Credit Agreement, dated effective as of February 8, 2023 (as previously amended, the “Credit Agreement”).

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Source: SEC EDGAR

accession 0001176334-26-000016

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