Azure Midstream Partners, LP (NASDAQ:FISH) 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 |
10.1 |
Limited Duration Waiver Agreement, dated as of December16, |
About Azure Midstream Partners, LP (NASDAQ:FISH)
Azure Midstream Partners, LP, formerly Marlin Midstream Partners, LP, develops, owns, operates and acquires midstream energy assets. Through its subsidiaries, Marlin Logistics, LLC (Marlin Logistics), Marlin Midstream, LLC (Marlin Midstream) and Azure ETG, LLC (Azure ETG), the Company is engaged in gathering, transporting, treating and processing natural gas, transloading crude oil and selling or delivering natural gas liquids (NGLs) to third parties. The Company operates through two segments: gathering and processing, and logistics. The Company’s gathering and processing segment provides natural gas gathering, compression, dehydration, treating, processing, and hydrocarbon dew-point control and transportation services to producers, marketers and third-party pipeline companies, and logistics business segment provides crude oil logistics services. Its transloaders are used to unload crude oil from tanker trucks and load crude oil into railcars. Azure Midstream Partners, LP (NASDAQ:FISH) Recent Trading Information
Azure Midstream Partners, LP (NASDAQ:FISH) closed its last trading session 00.00 at 16.53 with shares trading hands.