debt
confidence high
sentiment neutral
materiality 0.60
USD Partners amends revolver: commitments cut to $275M, maturity extended to Nov 2023
USD Partners LP
- Aggregate revolving commitments reduced from $385M to $275M.
- Maturity date extended by one year to November 2, 2023.
- Citibank resigns as administrative agent; Bank of Montreal appointed successor.
- Borrowing capacity limited to 4.5x trailing 12-month EBITDA ($87.4M available at Sep 30, 2021).