---
schema_version: "secwatch.filing_event.v1"
accession: "0001610682-23-000039"
form_type: "8-K"
ticker: "USDP"
cik: "0001610682"
company_name: "USD Partners LP"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:26:42.404630+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# USD Partners extends forbearance under credit agreement to Nov 17, 2023

## Summary
- Second Waiver Extension extends forbearance from Nov 3 to Nov 17, 2023.
- Lenders also temporarily waive non-payment of amounts due on the maturity date through Nov 17.
- Partnership previously disclosed defaults; this is the third forbearance/waiver agreement since August 2023.
- Short-term extension indicates ongoing liquidity challenges and negotiations with lenders.

## SEC filing metadata
- accession: 0001610682-23-000039
- form_type: 8-K
- ticker: USDP
- cik: 0001610682
- company_name: USD Partners LP
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610682/000161068223000039/0001610682-23-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610682/000161068223000039/usdp-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001610682-23-000039
- JSON: https://secwatch.observer/filing/0001610682-23-000039.json
- Plain text: https://secwatch.observer/filing/0001610682-23-000039.txt

## Key facts
- Material Agreements
  USD Partners LP amended Second Waiver Extension Agreement with Lenders and Bank of Montreal, as Administrative Agent (effective 2023-11-01).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Lenders and Bank of Montreal, as Administrative Agent
  - Effective: 2023-11-01
  source text: On November 1, 2023, USD Partners LP (the “Partnership”) entered into an agreement (the “Second Waiver Extension Agreement”) with (i) all the lenders (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 and Bank of Montreal, as administrative agent (the “Administrative Agent”), and (ii) the Administrative Agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1610682/000161068223000039/0001610682-23-000039-index.htm

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