USD Partners announces waiver extension agreement under credit agreement

USD Partners has entered into an agreement with the lenders and administrative agent under its existing Credit Agreement to, among other things, extend the forbearance period as provided in the previously announced amendment to the Credit Agreement, dated as of August 8, 2023, from its original expiration date of October 10, 2023 to November 3, 2023. Pursuant to the Waiver Extension Agreement, the lenders and administrative agent have agreed to continue to forbear until the New Expiration Date from exercising any rights or remedies arising from certain defaults or events of defaults asserted by the administrative agent and to temporarily waive certain events of default arising from the non-payment of interest due on October 10, 2023 until the New Expiration Date.