Current Report Filing (8-k)
June 27 2023 - 3:34PM
Edgar (US Regulatory)
0001452857
false
0001452857
2023-06-26
2023-06-26
0001452857
SPLP:CommonUnitsNoParValueMember
2023-06-26
2023-06-26
0001452857
SPLP:Sec6.0SeriesPreferredUnitsMember
2023-06-26
2023-06-26
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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 26, 2023
STEEL PARTNERS HOLDINGS L.P. |
(Exact Name of Registrant as Specified in Its Charter) |
Delaware |
|
001-35493 |
|
13-3727655 |
(State or Other Jurisdiction
of Incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
590 Madison Avenue, 32nd Floor, New York, New York |
|
10022 |
(Address of Principal Executive Offices) |
|
(Zip Code) |
Registrant’s Telephone
Number, Including Area Code: (212) 520-2300 |
|
N/A |
(Former Name or Former Address, If Changed Since Last Report) |
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 (see General Instruction
A.2. below):
☐ |
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)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class |
|
Trading Symbol(s) |
|
Name of Each Exchange on Which Registered |
Common Units, no par value |
|
SPLP |
|
New York Stock Exchange |
6.0% Series A Preferred Units |
|
SPLP-PRA |
|
New York Stock Exchange |
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 1.01. Entry into a Material Definitive Agreement.
On June 26, 2023, SPH Group Holdings LLC and Steel
Excel Inc. (collectively, the “Borrowers”), each an indirect wholly-owned subsidiary of Steel Partners Holdings L.P. (the
“Company”), entered into an amendment (the “First Amendment”) to their amended and restated credit agreement,
dated as of December 29, 2021 (the “Credit Agreement”), with PNC Bank, National Association, in its capacity as administrative
agent, the lenders party thereto, and certain of the Borrowers’ affiliates in their capacities as guarantors. The First Amendment
amends certain terms and provisions of the Credit Agreement to, among other things, retroactively consent to certain transactions pursuant
to which (i) iGo, Inc., previously a borrower under the Credit Agreement, merged with and into Steel Energy Services Ltd., an indirect
wholly-owned subsidiary of the Company, and (ii) certain guarantors, each an indirect wholly-owned subsidiary of the Company, converted
into Delaware limited liability companies.
The above description of the First Amendment does
not purport to be complete and is subject to, and qualified in its entirety by, the full text of the First Amendment, which is filed as
Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant.
The information contained in Item 1.01 is incorporated
by reference into this Item 2.03.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
* |
The schedules to this Exhibit have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish a copy of the omitted schedules to the Securities and Exchange Commission on a supplemental basis upon its request. |
SIGNATURE
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.
Date: June 27, 2023 |
|
|
|
STEEL PARTNERS HOLDINGS L.P. |
|
|
|
|
By: |
Steel Partners Holdings GP Inc. |
|
|
Its General Partner |
|
|
|
|
By: |
/s/ Jason Wong |
|
Name: |
Jason Wong |
|
Title: |
Chief Financial Officer |
Steel Partners (NYSE:SPLP)
Historical Stock Chart
From Aug 2024 to Sep 2024
Steel Partners (NYSE:SPLP)
Historical Stock Chart
From Sep 2023 to Sep 2024