BKEP

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llm_cfp
Posts: 28
Joined: Thu Feb 03, 2011 4:58 pm

BKEP

Post 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?
dan_s
Posts: 34595
Joined: Fri Apr 23, 2010 8:22 am

Re: BKEP

Post by dan_s »

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
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