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Stock impact report

Enviva Partners, LP Announces Simplification Transaction and Corporate Conversion

Enviva Inc. (EVA) 
Last enviva inc. earnings: 4/29 04:30 pm Check Earnings Report
US:NYSE Investor Relations: envivapartners.com
Company Research Source: Business Wire
Evolving corporate structure to unlock significant benefits associated with rapidly expanding global ESG investor universe BETHESDA, Md.--(BUSINESS WIRE)--Enviva Partners, LP (NYSE: EVA) (“Enviva,” “EVA,” “we,” “us,” or “our”) today announced a definitive agreement with Enviva Holdings, LP (“Holdings,” “general partner,” or “GP”) pursuant to which it acquired all of the ownership interests in Holdings (the “GP Buy-in”) and eliminated its incentive distribution rights, or “IDRs” (the “Simplification” and, together with the GP Buy-in, the “Simplification Transaction”) in exchange for 16 million EVA common units, representing total consideration of approximately $870 million based on EVA’s 20-day volume-weighted average price ending on October 13, 2021. Enviva concurrently announced that it intends to convert its organizational structure from a master limited partnership (“MLP”) to a corporation (“C-Corp”) under the name of Enviva Inc. (the “Conversion”).Transaction HighlightsTransact Show less Read more
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