USD Partners Announces Additional Waiver Extension Agreement Under Credit Agreement
Portfolio Pulse from Benzinga Newsdesk
USD Partners LP (USDP) has announced a second waiver extension agreement with its lenders and administrative agent under its existing credit agreement. This extends the forbearance period from November 3, 2023, to November 17, 2023. The lenders have agreed to continue to forbear from exercising any rights or remedies arising from certain events of default until the new expiration date.
November 02, 2023 | 9:48 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
USD Partners LP's extension of the forbearance period under its credit agreement may provide temporary relief from potential financial pressures, but it also indicates ongoing financial challenges.
The extension of the forbearance period suggests that USD Partners LP is still working through financial difficulties. While this provides temporary relief from potential financial pressures, it also indicates that the company is not yet out of the woods. This could have a neutral impact on the stock as it shows the company is taking steps to manage its financial situation, but also highlights ongoing challenges.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100