UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): June 11, 2018
SANCHEZ MIDSTREAM PARTNERS LP
(Exact name of registrant as specified in its charter)
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Delaware | 001-33147 | 11-3742489 | ||||
(State or other jurisdiction of | (Commission | (IRS Employer | ||||
incorporation) | File Number) | Identification No.) | ||||
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1000 Main Street, Suite 3000 |
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(Address of principal executive offices) (Zip Code) |
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(713) 783-8000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
Borrowing Base Redetermination
On June 11, 2018 Sanchez Midstream Partners LP (the “Partnership”) received notification that, pursuant to the terms of its credit facility, its lenders have completed both their quarterly review of the midstream component and their semi-annual review of the RBL component of the Partnership’s borrowing base. Based on this review, the midstream component has been set at $275.0 million and the RBL component has been set at $35.0 million, resulting in a total borrowing base of $310.0 million. The elected commitment amount remains unchanged at $200.0 million.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| SANCHEZ MIDSTREAM PARTNERS LP | ||||||
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By: Sanchez Midstream Partners GP LLC, | ||||||
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Date: June 11, 2018 |
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| By: | /s/ Charles C. Ward | ||||||||
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| Charles C. Ward | |||||
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| Chief Financial Officer and Secretary | |||||
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