Martin Midstream Partners amended and extended its revolving credit facility. The amended facility extends the maturity date to November 2026, decreases the borrowing capacity from $150 million to $130 million, revises certain financial covenants and contains an accordion feature of up to an additional $50 million. As of June 30, 2025, the partnership had $41 million outstanding under the credit facility.
Wells Fargo Bank acted as the lead arranger and Royal Bank of Canada serves as administrative agent for the facility. Baker Botts acted as legal counsel to the partnership.
