•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    MMLP enters into amended, upsized $900M revolving credit facility

    Martin Midstream Partners LP

    Martin Midstream Partners LP (Nasdaq:MMLP) has entered into a newly amended $900 million revolving credit facility with commitments from 25 lenders. This new agreement replaces the previous credit facility of $637.5 million. The revolving credit facility is the Partnership's primary source of liquidity and matures March 28, 2018. As of June 30, the Partnership had $290 million outstanding on its revolving credit facility.

    Ruben Martin, president and CEO of Martin Midstream GP LLC, MMLP's general partner, said, "We are pleased to have closed on a larger credit facility opportunistically capitalizing on a strong market for bank capital. With our amended facility, we achieved several positive structural enhancements to our covenant package and were able to improve our pricing grid lowering our cost of capital."

    Did You Like This Article?

    Get a free subscription to Oil & Gas Financial Journal.

    Related Articles

    Singapore: Knowledge and Network

    10/10/2014 Nestled at the southeastern end of the 500 mile-long Strait of Malacca, Singapore is a natural trade haven. The waterway connects the Pacific to the Indian Ocean, and the tankers running up and dow...

    NRP prices $125M private senior notes placement

    10/10/2014

    Natural Resource Partners LP reports the pricing of its private offering of $125,000,000 aggregate principal amount of  9.125% senior notes due 2018.

    Eos begins tender offer for all shares of Dune Energy

    10/10/2014 Eos Petro Inc. and Dune Energy Inc. report that Eos' directly wholly owned subsidiary, Eos Merger Sub Inc., has begun a tender offer to acquire all of the outstanding shares of Dune common stock fo...

    ENERGY PLAYERS

    10/10/2014

    Private company update

    10/09/2014 Independent research firm IHS has provided OGFJ with updated production data for our periodic ranking of US-based private E&P companies. The rankings are based on operated production only withi...

    More Oil & Gas Financial Articles

    Singapore: Knowledge and Network

    Fri, Oct 10, 2014

    Nestled at the southeastern end of the 500 mile-long Strait of Malacca, Singapore is a natural trade haven. The waterway connects the Pacific to the Indian Ocean, and the tankers running up and down it carry around a quarter of the world's oil moved by sea.

    NRP prices $125M private senior notes placement

    Fri, Oct 10, 2014

    Natural Resource Partners LP reports the pricing of its private offering of $125,000,000 aggregate principal amount of  9.125% senior notes due 2018.

    Eos begins tender offer for all shares of Dune Energy

    Fri, Oct 10, 2014

    Eos Petro Inc. and Dune Energy Inc. report that Eos' directly wholly owned subsidiary, Eos Merger Sub Inc., has begun a tender offer to acquire all of the outstanding shares of Dune common stock for $0.30 per share in cash, without interest and less any applicable withholding taxes.

    ENERGY PLAYERS

    Fri, Oct 10, 2014

    Private company update

    Thu, Oct 9, 2014

    Independent research firm IHS has provided OGFJ with updated production data for our periodic ranking of US-based private E&P companies. The rankings are based on operated production only within the US.

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ