Item 1.01. Entry into a Material Definitive Agreement
On
The Fifth Amendment amends certain terms, provisions and covenants of the Credit Agreement, including, without limitation:
(i) increases the aggregate commitments under the facilities with the commitment
under the working capital revolving credit facility increased to$800.0 million from$770.0 million and the commitment under the revolving credit facility increased to$450.0 million from$400.0 million ;
(ii) extends the maturity date for the Credit Agreement from
May 6, 2024 ;
(iii) decreases by 0.125% the applicable rate under the working capital revolving
credit facility for borrowings of base rate loans, Eurocurrency rate loans and cost of funds rate loans and for issuances of letters of credit; and
(iv) reduces the Eurocurrency rate floor to zero basis points and the cost of
funds rate floor to zero basis points.
The foregoing description of the Fifth Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the Fifth Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
All other material terms of the Credit Agreement remain substantially the same
as disclosed in the Partnership's Annual Report on Form 10-K for the year ended
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant
The description of the Fifth Amendment to the Credit Agreement under Item 1.01 above is incorporated in this Item 2.03 by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits Exhibit No. Description 10.1 Fifth Amendment to Third Amended and Restated Credit Agreement, dated as ofMay 5, 2021 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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