---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-018450"
form_type: "8-K"
ticker: "MMLP"
cik: "0001176334"
company_name: "MARTIN MIDSTREAM PARTNERS L.P."
filed_at: "2023-01-30T23:59:59+00:00"
generated_at: "2026-06-20T06:29:09.510753+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Martin Midstream Partners Amends Credit Facility, Announces $400M Note Offering and Tender Offers

## Summary
- Entered Fourth Amended and Restated Credit Agreement with $200M revolving commitment, decreasing to $150M by June 2024, maturing 4 years after closing.
- Announced $400M offering of senior secured second lien notes due 2028 to fund tender offers for existing notes and repay credit facility.
- Launched cash tender offers for all $53.7M of 10.00% notes due 2024 at $1,015.50 per $1,000 and $291.4M of 11.50% notes due 2025 at $1,006.90 per $1,000.
- Tender offers expire February 3, 2023, and are contingent on raising at least $400M from the new notes offering.

## SEC filing metadata
- accession: 0001193125-23-018450
- form_type: 8-K
- ticker: MMLP
- cik: 0001176334
- company_name: MARTIN MIDSTREAM PARTNERS L.P.
- filed_at: 2023-01-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1176334/000119312523018450/0001193125-23-018450-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1176334/000119312523018450/d415175d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-018450
- JSON: https://secwatch.observer/filing/0001193125-23-018450.json
- Plain text: https://secwatch.observer/filing/0001193125-23-018450.txt

## Key facts
- Debt Financings
  MARTIN MIDSTREAM PARTNERS L.P. amended revolving credit of up to $200.0 million on a revolving credit basis with Royal Bank of Canada, as administrative agent and collateral agent, Wells Fargo Bank, N.A., as syndication agent and as an L/C Issuer, and the lenders party thereto at Adjusted Term SOFR plus applicable margin ranging from 2.75% to 3.75%, or Base R maturing four (4) years after the Closing Date.
  - Instrument: revolving credit
  - Principal: up to $200.0 million on a revolving credit basis
  - Counterparty: Royal Bank of Canada, as administrative agent and collateral agent, Wells Fargo Bank, N.A., as syndication agent and as an L/C Issuer, and the lenders party thereto
  - Rate: Adjusted Term SOFR plus applicable margin ranging from 2.75% to 3.75%, or Base R
  - Maturity: four (4) years after the Closing Date
  - Event: amendment
  source text: The Amended Credit Agreement will permit the Operating Partnership to borrow up to $200.0 million on a revolving credit basis (the “Commitments”). The Commitments will be reduced to $175.0 million on June 30, 2023, and will be further reduced to $150.0 million on June 30, 2024. The revolving credit facility can be increased from time to time upon written request by the Operating Partnership, subject to certain conditions (including the consent of the increasing lenders), up to an additional $50.0 million. The maturity date for the Amended Credit Agreement will be the date that is four (4) years after the Closing Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1176334/000119312523018450/0001193125-23-018450-index.htm
- Material Agreements
  MARTIN MIDSTREAM PARTNERS L.P. amended Amendment and Restatement Agreement with Royal Bank of Canada, as administrative agent and collateral agent, Wells Fargo Bank, N.A., as syndication agent and as an L/C Issuer, and the lenders party thereto valued at up to $200.0 million (effective 2023-01-30).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Royal Bank of Canada, as administrative agent and collateral agent, Wells Fargo Bank, N.A., as syndication agent and as an L/C Issuer, and the lenders party thereto
  - Value: up to $200.0 million
  - Effective: 2023-01-30
  source text: On January 30, 2023, 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 an Amendment and Restatement Agreement (the “Amendment and Restatement Agreement”) with Royal Bank of Canada, as administrative agent and collateral agent, Wells Fargo Bank, N.A., as syndication agent and as an L/C Issuer, and the lenders party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1176334/000119312523018450/0001193125-23-018450-index.htm

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