Martin Midstream Looks To Restructure $323M In Debt

By Rick Archer (June 26, 2020, 7:46 PM EDT) -- Texas oil and gas transporter Martin Midstream Partners on Friday said it has entered into an agreement for an out-of-court restructuring of $323 million in debt.

In an announcement Friday, Martin said the restructuring proposal has the support of the holders of 62% of unsecured notes due in 2021 and was being undertaken to increase the company's "financial flexibility" in the face of "macroeconomic and social challenges."

"The restructuring support agreement demonstrates the confidence our bondholders have in our leadership team and the vision we have for the company," CEO Ruben Martin said in the announcement.

The Texas-based company provides water...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!