UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 1.01 | Entry into a Material Definitive Agreement. |
Amendment No. 4 to Credit Agreement
On February 5, 2025, TransMontaigne Partners LLC (the “Company”), as parent guarantor, and TransMontaigne Operating Company L.P., a Delaware limited partnership and wholly owned subsidiary of the Company (“OpCo”), entered into an Amendment No. 4 (the “Amendment”) to its existing Credit Agreement dated as of November 17, 2021 among the Company, OpCo, Barclays Bank PLC, as administrative agent and collateral agent, and the lenders party thereto, which provides for, among other things, (i) the extension of the maturity date with respect to the revolving facility (the “Extension”) and (ii) the reduction of the applicable margin of the revolving loans under the credit facility (the “Repricing”). After giving effect to the Extension and Repricing, (i) the maturity date of the revolving facility shall be the earlier of (x) August 31, 2029 and (y) to the extent that any Tranche B term loans under the credit facility remain outstanding, the date that is ninety-one (91) days prior to the maturity date of such Tranche B term loans under the credit facility (taking into account any extensions or refinancings thereof) and (ii) revolving loans under the credit facility accrue interest at a per annum rate equal to, at OpCo’s election, either a term SOFR rate plus an applicable margin of 3.00% or an alternate base rate plus an applicable margin of 2.00%. The other terms and conditions of the credit facility, as amended by the Amendment, remain unchanged.
The foregoing description of the Amendment is a summary, and does not purport to be complete, and is subject to, and qualified in its entirety by reference to, the Amendment, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
| Item 2.03. | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. |
The information set forth in Item 1.01 is incorporated into this Item 2.03 by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| 104 | Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 10.1 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| TRANSMONTAIGNE PARTNERS LLC |
| By: | /s/ Matthew White | |
| Name: | Matthew White | |
| Title: | Executive Vice President, Secretary & General Counsel |
Date: February 6, 2025