USD Partners amends existing revolving credit agreement
Feb. 07, 2023 3:22 AM ETUSDPBy: Manshi Mamtora, CFA9 Comments
- USD Partners (USDP) and USD Terminals Canada, an indirect, wholly-owned subsidiary of the partnership and the subsidiary guarantors amend existing revolving credit agreement, dated as of November 2, 2018.
- The amendment provides relief from compliance with the maximum consolidated leverage ratio and minimum consolidated interest coverage ratio through the credit agreement’s current maturity date.
- The management continues to see positive momentum around the Partnership’s re-contracting negotiations.