Subsequent Events

9 Months Ended

Sep. 30, 2022

Subsequent Events [Abstract]

Subsequent Events

SUBSEQUENT EVENTS

On October 19, 2022, Spartan Energy Services LLC (“Spartan” or the “Borrower”), a Delaware limited liability company and direct, wholly-owned subsidiary of Treating Holdco LLC (“Treating Holdco”), and Treating Holdco, a Delaware limited liability company and indirect, wholly-owned subsidiary of CSI Compressco LP (the “Partnership”), entered into that certain Second Amendment to Loan, Security and Guaranty Agreement (the “Second Amendment”) with the Lenders (as defined below) party thereto, and Bank of America, N.A., in its capacity as agent for the Lenders (in such capacity, “Administrative Agent”).

The Second Amendment amends and modifies that certain Loan, Security and Guaranty Agreement dated as of January 29, 2021 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Loan Agreement”) among the Borrower, the other loan parties party thereto from time to time, the financial institutions from time to time party thereto as lenders (the “Lenders”) and the Administrative Agent. The Second Amendment provided for changes and modification to the Loan Agreement as set forth therein, which include, among other things, the extension of the Termination Date (as defined in the Loan Agreement) from January 29, 2024 to October 17, 2025.

On October 21, 2022, the board of directors of our general partner declared a cash distribution attributable to the quarter ended September 30, 2022 of $0.01 per outstanding common unit. This distribution equates to a distribution of $0.04 per outstanding common unit on an annualized basis. This distribution will be paid on

November 14, 2022 to each of the holders of common units of record as of the close of business on October 31, 2022.