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Martin Midstream Partners L.P. Announces Amendment and Extension of Revolving Credit Facility
Businesswireยท 2025-09-24 20:01
Core Viewpoint - Martin Midstream Partners L.P. has successfully amended and extended its revolving credit facility, which now matures in November 2026 and has a reduced borrowing capacity of $130 million, down from $150 million, with an accordion feature allowing for an additional $50 million [1][2]. Company Overview - Martin Midstream Partners L.P. is a publicly traded limited partnership based in Kilgore, Texas, primarily operating in the Gulf Coast region of the United States. Its main business lines include terminalling, processing, and storage services for petroleum products; transportation services for various products; sulfur processing; and marketing and distribution of natural gas liquids [3][6]. Financial Details - As of June 30, 2025, Martin Midstream Partners had $41 million outstanding under its credit facility [1]. - The Partnership reported an adjusted EBITDA of $27.1 million for the second quarter of 2025 and is reaffirming its full-year adjusted EBITDA guidance based on first-half performance [6].