Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
USD Partners LP amended revolving credit with Bank of Montreal, as administrative agent at interest owing on each loan under the Credit Agreement after the Effective Date, maturing November 2, 2024.
- Instrument
- revolving credit
- Counterparty
- Bank of Montreal, as administrative agent
- Rate
- interest owing on each loan under the Credit Agreement after the Effective Date,
- Maturity
- November 2, 2024
- Event
- amendment
Exact text from the filing
the Amendment extends the maturity date under the Credit Agreement to November 2, 2024 and waives prior defaults under the Credit Agreement. The Amendment also provides that interest owing on each loan under the Credit Agreement after the Effective Date, shall be paid in kind by ratably increasing the amount of principal of the applicable loan by the amount of such interest due, on a quarterly basis, on each applicable interest payment date.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
USD Partners LP amended Amendment No. 5 to Revolving Credit Agreement with Bank of Montreal, as administrative agent valued at Extends maturity to November 2, 2024; interest paid in kind; mandatory prepayment from asset sales a (effective 2023-11-21).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of Montreal, as administrative agent
- Value
- Extends maturity to November 2, 2024; interest paid in kind; mandatory prepayment from asset sales a
- Effective
- 2023-11-21
Exact text from the filing
On November 21, 2023 (the “Effective Date”), USD Partners LP (the “Partnership”) and USD Terminals Canada ULC, an indirect, wholly-owned subsidiary of the Partnership (together with the Partnership, the “Borrowers”), and the subsidiary guarantors party thereto (together with the Borrowers, the “Loan Parties”), entered into Amendment No. 5 (the “Amendment”) to the Borrowers’ existing revolving credit agreement, dated as of November 2, 2018 (as so amended and as previously amended, the “Credit Agreement”), with the lenders party thereto and Bank of Montreal, as administrative agent (the “Administrative Agent”).
View on SEC.gov