secwatch.observer — SEC 8-K summary
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Issuer:     USD Partners LP (USDP)
CIK:        0001610682
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001610682-23-000042
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USDP Q3 2023 net loss $2.8M; credit facility matured, forbearance extended to Nov 17
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- Net loss of $2.8M; Adjusted EBITDA $2.0M; Distributable Cash Flow $0.3M.
- Quarterly distribution remains suspended; amendment prohibits distributions without lender consent.
- Credit facility matured Nov 2; forbearance through Nov 17 under November Letter Agreement.
- NYSE delisting risk: avg market cap ~$16.5M (below $15M threshold) and unit price $0.3996.
- Stroud Terminal trial extended through Jan 2024; longer-term deal possible.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1610682/000161068223000042/0001610682-23-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1610682/000161068223000042/usdp-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001610682-23-000042

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