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Subsequent Events
6 Months Ended
Jun. 30, 2011
Subsequent Events  
Subsequent Events

Note 18.               Subsequent Events

 

On July 19, 2011, the Partnership entered into a Second Amendment to Amended and Restated Credit Agreement which modifies certain financial covenants.  See Note 6.

 

On July 21, 2011, the board of directors of the General Partner declared a quarterly cash distribution of $0.50 per unit ($2.00 per unit on an annualized basis) for the period from April 1, 2011 through June 30, 2011.  On August 12, 2011, the Partnership will pay this cash distribution to its common unitholders of record as of the close of business August 3, 2011.

 

On July 21, 2011, the Partnership announced that it reduced its workforce by approximately 10%.