| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers K > Headlines for K-Sea Transportation Partners LP > News item |
K-Sea gets amendment letters, allowing for potential covenant changes
By Sara Rosenberg
New York, July 8 - K-Sea Transportation Partners LP executed amendment letters to its revolving credit facility and term loan, permitting the negotiation of changes to financial covenants through Aug. 31, according to an 8-K filed with the Securities and Exchange Commission on Thursday.
In addition, the letters provide that if the company breaches its financial covenants, there would be a waiver of those violations until Aug. 31.
The revolver amendment letter was completed on June 30 and the term loan letter was completed on June 25.
KeyBank is the administrative agent on the revolver and DnB NOR is the lead on the term loan.
K-Sea is an East Brunswick, N.J.-based tank barge operator.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.