Martin Midstream Ups Credit Facility to $600MM
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Martin Midstream Partners L.P. has entered into a new secured revolving credit facility with lender commitments of $600 million.
The newly amended agreement upsizes the facility from $400 million and extends the tenor of the facility by over two years with a new maturity date of March 28, 2018. In amending the facility, six new banks were added to the syndicate resulting in a group of twenty lenders participating in the facility.
Ruben Martin, President and Chief Executive Officer of Martin Midstream GP LLC (MMGP), MMLP's general partner said, "We are pleased to announce the upsizing of the Partnership's credit facility and appreciate the strong support we received from our syndicate banks. Given the level of organic growth we are forecasting and the incremental availability we now have…
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