December 04, 2016 4:14 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Kildair Service ULC

Company Overview

Kildair Service ULC produces, stores, and distributes heavy fuel oil and liquid asphalt. It produces various grades of liquid asphalt, special bituminous products, and marine fuel oil. The company also offers transportation services through its tank trucks, tank cars, and pump trucks; and crude oil handling and storage services. It serves customers in Québec, Ontario, New-Brunswick, and the Northeastern United States. The company was founded in 1929 and is based in St-Paul de Joliette, Canada. As of October 10, 2007, Kildair Service ULC operates as a subsidiary of Sprague Canadian Properties LLC.

92, Delangis Road

St-Paul de Joliette, QC J0K 3E0

Canada

Founded in 1929

Phone:

450-756-8091

Fax:

450-756-4783

Key Executives for Kildair Service ULC

Chief Executive Officer
Chief Executive Officer of Sprague Resources LP and President of Sprague Resources LP
Human Resources Director
Purchases and Slaes Director
Compensation as of Fiscal Year 2016.

Kildair Service ULC Key Developments

Sprague Operating Resources LLC and Kildair Services ULC and Other Financial Institutions Enters into Amendment to Amended and Restated Credit Agreement

On March 10, 2016, Sprague Operating Resources LLC and Kildair Services ULC, the several banks and other financial institutions party thereto and JP Morgan Bank, N.A., in its capacity as administrative agent, entered into an Amendment (the Credit Agreement Amendment) to that certain Amended and Restated Credit Agreement by and among the Borrowers, the banks and financial institutions party thereto and the Administrative Agent, dated as of December 9, 2014. The Credit Agreement Amendment increased the Credit Agreement's acquisition facility from $400.0 million to $550.0 million. The Credit Agreement Amendment also made a number of discrete modifications to the Credit Agreement including changes to elements of the borrowing base to reflect the Borrowers' increased use of certain forward contracts and to accommodate payment patterns of customers in certain markets, changes to certain financial definitions to reflect the Borrowers' restructuring of its ownership of Wintergreen Transport Corporation ULC, amendments to the leverage covenants to allow for temporary increases in leverage for six months following material acquisitions, and changes to the capital expenditures covenant to allow for additional acquisitions.

Sprague Operating Resources LLC and Kildair Services ULC Announce Amendment to Amended and Restated Credit Agreement

On March 10, 2016, Sprague Operating Resources LLC and Kildair Services ULC, the several banks and other financial institutions party thereto and JP Morgan Bank, N.A., in its capacity as administrative agent, entered into an Amendment to that certain Amended and Restated Credit Agreement by and among the Borrowers, the banks and financial institutions party thereto and the Administrative Agent, dated as of December 9, 2014. The Credit Agreement Amendment increased the Credit Agreement's acquisition facility from $400.0 million to $550.0 million. The Credit Agreement Amendment also made a number of discrete modifications to the Credit Agreement including changes to elements of the borrowing base to reflect the Borrowers' increased use of certain forward contracts and to accommodate payment patterns of customers in certain markets, changes to certain financial definitions to reflect the Borrowers' restructuring of its ownership of Wintergreen Transport Corporation ULC, amendments to the leverage covenants to allow for temporary increases in leverage for six months following material acquisitions, and changes to the capital expenditures covenant to allow for additional acquisitions.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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