ARC LOGISTICS PARTNERS LP (NYSE:ARCX) Files An 8-K Entry into a Material Definitive Agreement
Item1.01.
| Entry into a Material Definitive Agreement. |
Amendment to Credit Agreement
On May26, 2017, Arc Terminals Holdings LLC, as borrower, together
with Arc Logistics Partners LP (the Partnership) and certain of
its other subsidiaries, as guarantors, entered into the Fifth
Amendment to the Second Amended and Restated Revolving Credit
Agreement (the Fifth Amendment, and such credit agreement, the
Credit Agreement). The Fifth Amendment modifies a provision of
the Credit Agreement whereby the Partnership may maintain a total
leverage ratio of up to 5.00 to 1.00 for a stated period of time.
The foregoing description of the Fifth Amendment is not complete
and is qualified in its entirety by reference to the full text of
the Fifth Amendment, which is attached hereto as Exhibit 10.1 to
this Current Report on Form 8-K and incorporated by reference
into this Item1.01.
| Item2.03. |
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information set forth under Item1.01 is incorporated herein
by reference.
| Item9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| 10.1 |
Fifth Amendment to Second Amended and Restated Revolving Credit Agreement, dated as of May26, 2017, by and among Arc Logistics Partners LP, Arc Logistics LLC, Arc Terminals Holdings LLC, as Borrower, Arc Terminals New York Holdings, LLC, Arc Terminals Mobile Holdings, LLC, Arc Terminals Mississippi Holdings LLC, Arc Terminals Colorado Holdings LLC and Arc Terminals Pennsylvania Holdings LLC, the Lenders party thereto and SunTrust Bank, as Administrative Agent. |
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About ARC LOGISTICS PARTNERS LP (NYSE:ARCX)
Arc Logistics Partners LP owns, operates, develops and acquires a portfolio of complementary energy logistics assets. The Company is engaged in the terminaling, storage, throughput and transloading of crude oil and petroleum products. It is focused on growing its business through the optimization, organic development and acquisition of terminaling, storage, rail, pipeline and other energy logistics assets. It offers storage and throughput services fees, and ancillary services fees. The Company operates through terminal and transloading facilities segment. The Company’s energy logistics assets are located in the East Coast, Gulf Coast, Midwest, Rocky Mountains and West Coast regions of the United States, and supply a group of third-party customers, including oil companies, independent refiners, crude oil and petroleum product marketers, distributors and various industrial manufacturers. ARC LOGISTICS PARTNERS LP (NYSE:ARCX) Recent Trading Information
ARC LOGISTICS PARTNERS LP (NYSE:ARCX) closed its last trading session down -0.10 at 14.00 with 22,613 shares trading hands.
