USD Partners extends credit agreement forbearance to Nov 21, 2023

USD Partners LP

Entered Third Waiver Extension Agreement under Credit Agreement extending forbearance period from Nov 17 to Nov 21, 2023.
Extension continues forbearance on defaults related to Material Adverse Effect events and non-payment of interest/maturity amounts.
Previously disclosed forbearance extensions: First (to Nov 3), Second (to Nov 17), now Third (to Nov 21).
Lenders agreed to temporarily waive certain events of default until the New Expiration Date.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

USD Partners LP entered into Third Waiver Extension Agreement with all the lenders under the secured Credit Agreement and Bank of Montreal, as administrative agent (effective 2023-11-17).

Action: entry
Agreement: credit facility
Counterparty: all the lenders under the secured Credit Agreement and Bank of Montreal, as administrative agent
Effective: 2023-11-17

Exact text from the filing

On November 17, 2023, USD Partners LP (the “Partnership”) entered into an agreement (the “Third 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.

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USD Partners LP filing history →

Source: SEC EDGAR

accession 0001610682-23-000047

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