BKEP

BKEP

Postby llm_cfp » Wed Jan 20, 2021 8:39 pm

Dan,
Recent 8-k for bkep has several amendments to their facility. Here is the amendment that strikes my curiosity: permit the Partnership to make additional equity distributions and other restricted payments in an aggregate amount of up to $20.0 million ($30.0 million in total including
existing $10.0 million permitted restricted payments basket), subject to the consummation of the Specified Terminalling Sale and additional terms and conditions set forth
in the Amendment;
Question: does this signal a possible raise in distributions for the common units?
llm_cfp
 
Posts: 28
Joined: Thu Feb 03, 2011 4:58 pm

Re: BKEP

Postby dan_s » Thu Jan 21, 2021 9:41 am

Yes. They should have enough DCF to double distributions to common units. See my cash flow forecast under the High Tab.
Dan Steffens
Energy Prospectus Group
dan_s
 
Posts: 25209
Joined: Fri Apr 23, 2010 8:22 am


Return to Picks and tips from the EP community

Who is online

Users browsing this forum: No registered users and 8 guests