secwatch.observer — SEC 8-K summary
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Issuer:     USD Partners LP (USDP)
CIK:        0001610682
Form:       8-K
Filed at:   2023-11-24T23:59:59+00:00
Accession:  0001193125-23-282559
Event type: debt
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 5.02, 1.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USD Partners LP Amends Revolving Credit Agreement, Extends Maturity to November 2024, Appoints New Director
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- Amendment extends Credit Agreement maturity to Nov 2, 2024 and waives prior defaults.
- Interest on loans will be paid in kind by increasing principal quarterly.
- Borrowers must sell West Colton Terminal and prepay loans with 100% of net proceeds from asset dispositions.
- Carl Wimberley appointed as independent director with veto powers over material transactions.
- Side Letter caps administrative expenses at ~$1.5M from Nov 2023 to maturity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1610682/000119312523282559/0001193125-23-282559-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1610682/000119312523282559/d276358d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-282559

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