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BKEP

PostPosted: Wed Jan 20, 2021 8:39 pm
by llm_cfp
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?

Re: BKEP

PostPosted: Thu Jan 21, 2021 9:41 am
by dan_s
Yes. They should have enough DCF to double distributions to common units. See my cash flow forecast under the High Tab.