USD Partners Enters into Third Waiver Extension Agreement Under Credit Facility

USD Partners entered into an 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 second waiver extension agreement, dated as of Nov. 1, from its expiration date of Nov. 17 to Nov. 21. Pursuant to the third waiver extension agreement, the lenders and administrative agent have agreed to 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, first waiver extension agreement and the second waiver extension agreement. Additional details regarding the terms of the third waiver extension agreement will be provided in the partnership’s related current report on Form 8-K that will be filed with the SEC.