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USD Partners LP (NYSE:USDP) (the "Partnership") announced today that it has entered into an agreement (the "Second Waiver Extension Agreement") with the lenders and administrative agent under its existing Credit Agreement to, among other things, extend the forbearance period as provided in the previously announced Waiver Extension Agreement, dated as of October 6, 2023, from its expiration date of November 3, 2023 to November 17, 2023 (the "New Expiration Date"). Pursuant to the Second Waiver Extension Agreement, the lenders and administrative agent have agreed to (i) continue to forbear until the New Expiration Date from exercising any rights or remedies arising from certain events of default or prospective events of default described in the previously announced Fourth Amendment to Credit Agreement and the Second Waiver Extension Agreement and (ii) temporarily waive, until the New Expiration Date, events of default arising from the non-payment of amounts due on the maturity date.
Additional details regarding the terms of the Second Waiver Extension Agreement will be provided in the Partnership's related Current Report on Form 8-K that will be filed with the SEC.
Posted In: USDP
