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Martin Midstream Partners Upsizes Credit Facility

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July 3, 2014

The revolving credit facility at Martin Midstream Partners LP (NASDAQ: MMLP) was amended to $900 million, the company said July 1.

Commitments from 25 lenders replaced the old $637.5 million facility, Martin Midstream said.

The facility matures March 28, 2018, the company said, noting that on June 30, there was $290 million outstanding.

"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 ...

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