Azure Midstream Partners, LP (NASDAQ:AZUR) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive
Agreement.
Limited Duration Waiver Agreement to Credit
Agreement
On December16, 2016, Azure Midstream Partners, LP, a Delaware
limited partnership (the Partnership), entered into a Limited
Duration Waiver Agreement to its revolving credit facility, as
amended, (the Credit Agreement) with Wells Fargo Bank, National
Association, as administrative agent and other lenders
(collectively the Lenders).
The terms of the Limited Duration Waiver Agreement extend the
waiver of certain covenant defaults until January15, 2017.
Borrowing capacity under the Credit Agreement continues to be
$173.7 million. The Limited Duration Waiver Agreement also
requires the Partnership to:
no later than January12, 2017, certify to the Lenders that the
Partnership has completed the marketing process for the sale of
the Partnerships assets and provide a detailed summary of such
marketing process; and
enter into an agreement with respect to the sale of the
Partnership and its assets no later than January15, 2017.
The foregoing description of the Limited Duration Waiver
Agreement is only a summary, does not purport to be complete and
is qualified in its entirety by reference to the Limited Duration
Waiver Agreement which is filed as Exhibit10.1 hereto and is
incorporated by reference herein.
Item 9.01 Financial Statements and
Exhibits
(d)Exhibits
|
ExhibitNo. |
|
ExhibitDescription |
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10.1 |
Limited Duration Waiver Agreement, dated as of December16, |
About Azure Midstream Partners, LP (NASDAQ:AZUR)