secwatch.observer — SEC 8-K summary
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Issuer:     MARTIN MIDSTREAM PARTNERS L.P. (MMLP)
CIK:        0001176334
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001193125-23-028421
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Martin Midstream Partners closes $400M senior secured second lien notes offering at 11.5% due 2028
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- Issued $400M aggregate principal amount of 11.500% senior secured second lien notes due February 15, 2028.
- Interest payable semiannually on February 15 and August 15, beginning August 15, 2023.
- Notes guaranteed by all current wholly owned subsidiaries (excluding Finance Corp. and Martin ELSA Investment LLC) and secured by substantially all assets on a second-priority basis.
- Issuers may redeem up to 35% of notes at 111.5% with equity offering proceeds prior to August 15, 2025; change of control triggers repurchase at 101%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1176334/000119312523028421/0001193125-23-028421-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1176334/000119312523028421/d382970d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-028421

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