---
schema_version: "secwatch.filing_event.v1"
accession: "0001610682-23-000037"
form_type: "8-K"
ticker: "USDP"
cik: "0001610682"
company_name: "USD Partners LP"
filed_at: "2023-10-10T23:59:59+00:00"
generated_at: "2026-06-10T02:25:51.627638+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# USD Partners LP obtains forbearance extension to Nov 3, 2023 under Credit Agreement

## Summary
- Forbearance period extended from Oct 10 to Nov 3, 2023; lenders continue to forbear on defaults.
- Interest payment due Oct 10, 2023 temporarily waived until Nov 3, 2023.
- Borrowers to terminate hedge agreements and apply proceeds to repay $195.9M outstanding debt.
- Commitments under Credit Agreement reduced to equal outstanding borrowings; no new loans or letters of credit.
- Partnership seeks longer-term solution and advancing commercial discussions.

## SEC filing metadata
- accession: 0001610682-23-000037
- form_type: 8-K
- ticker: USDP
- cik: 0001610682
- company_name: USD Partners LP
- filed_at: 2023-10-10T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610682/000161068223000037/0001610682-23-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610682/000161068223000037/usdp-20231006.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001610682-23-000037
- JSON: https://secwatch.observer/filing/0001610682-23-000037.json
- Plain text: https://secwatch.observer/filing/0001610682-23-000037.txt

## Key facts
- Material Agreements
  USD Partners LP amended Waiver Extension Agreement with all the Lenders under the secured Credit Agreement and Bank of Montreal, as administrative agent valued at $195.9 million (effective 2023-10-06).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: all the Lenders under the secured Credit Agreement and Bank of Montreal, as administrative agent
  - Value: $195.9 million
  - Effective: 2023-10-06
  source text: On October 6, 2023, USD Partners LP (the “Partnership”) entered into an agreement (the “Waiver Extension Agreement”) with (i) all the Lenders under the secured Credit Agreement (as amended from time to time, the “Credit Agreement”) among the Partnership, USD Terminals Canada ULC, an indirect, wholly-owned subsidiary of the Partnership (together with the Partnership, the “Borrowers”), the subsidiary guarantors party thereto, the lenders party thereto and Bank of Montreal, as administrative agent (the “Administrative Agent”), and (ii) the Administrative Agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1610682/000161068223000037/0001610682-23-000037-index.htm

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