secwatch.observer — SEC 8-K summary
======================================

Issuer:     USD Partners LP (USDP)
CIK:        0001610682
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0001610682-23-000037
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1610682/000161068223000037/0001610682-23-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1610682/000161068223000037/usdp-20231006.htm
  HTML page:      https://secwatch.observer/filing/0001610682-23-000037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer