secwatch.observer — SEC 8-K summary
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Issuer:     MARTIN MIDSTREAM PARTNERS L.P. (MMLP)
CIK:        0001176334
Form:       8-K
Filed at:   2023-01-30T23:59:59+00:00
Accession:  0001193125-23-018450
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1176334/000119312523018450/0001193125-23-018450-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1176334/000119312523018450/d415175d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-018450

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