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Wells Fargo Arranges Revolver Amendment, Extension for Martin Midstream Partners
Thursday, July 18, 2019

Lenders/Participants Wells Fargo Bank [Lead Arranger]
Royal Bank of Canada [Administrative Agent]
Structure Revolver Amendment, Extension
Amount $400.000 Million
Borrower(s) Martin Midstream Partners L.P.
Description Company amended and extended its revolving credit facility. The amended facility extends the maturity date by approximately 3.4 years to August 2023, decreases the borrowing capacity from $500 million to $400 million and contains an accordion feature of up to an additional $100 million. As of June 30, 2019 the Partnership had borrowings of $225 million. Transaction details not disclosed.
Industry Specialty Industries
Location TX
Related Tags Royal Bank of Canada, Wells Fargo Bank

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