Material Agreement - Form 8-K

Amendment No. 2 to Credit Agreement

On April 15, 2024, TransMontaigne Partners LLC (the "Company"), as parent guarantor, and TransMontaigne Operating Company L.P., a Delaware limited partnership and wholly owned subsidiary of the Company ("OpCo"), entered into an Amendment No. 2 (the "Amendment") to its existing Credit Agreement dated as of November 17, 2021 among the Company, OpCo, Barclays Bank PLC, as administrative agent and collateral agent, and the lenders party thereto, which provides for, among other things, the incurrence of a new tranche of term loans under the credit facility in an aggregate principal amount of $150 million (the "Incremental Term Loan Facility"). The maturity date of the Incremental Term Loan Facility is November 17, 2028 commensurate with the existing term loans under the credit facility. Loans under the Incremental Term Loan Facility accrue interest at a per annum rate equal to, at OpCo's's election, either an adjusted SOFR rate plus an applicable margin of 3.50% or an alternate base rate plus an applicable margin of 2.50% per annum. The other terms and conditions of the credit facility, as amended by the Amendment, remain unchanged.

The foregoing description of the Amendment and Incremental Term Loan Facility is a summary, and does not purport to be complete, and is subject to, and qualified in its entirety by reference to, the Amendment, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.