USD Partners LP Announces Acquisition of Hardisty South Terminal Assets From USD Group LLC and IDR Elimination
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Monday, March 28, 2022
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The cash portion of the Transaction is expected to be funded with borrowings under the Partnerships $275 million senior secured credit facility.
Key Points:
- The cash portion of the Transaction is expected to be funded with borrowings under the Partnerships $275 million senior secured credit facility.
- We are excited to announce this accretive set of transactions at the Partnership, said Adam Altsuler, the Partnerships Chief Financial Officer.
- The Sponsor engaged Tudor, Pickering, Holt & Co. as its financial advisor and Gibson, Dunn & Crutcher LLP as its legal advisor.
- Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements.