Enviva Partners, LP Completes Previously Announced Drop-Down Transactions
Enviva Inc. (EVA)
Last enviva inc. earnings: 4/29 04:30 pm
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US:NYSE Investor Relations:
envivapartners.com
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Source: Business Wire
BETHESDA, Md.--(BUSINESS WIRE)-- Enviva Partners, LP (NYSE: EVA) (“Enviva,” the “Partnership,” “we,” “us,” or “our”) has completed the previously announced purchase (the “Hamlet Transaction”) of its sponsor’s interest in its first development joint venture, Enviva Wilmington Holdings, LLC (the “First JV”). The First JV owns a wood pellet production plant under construction in Hamlet, North Carolina (the “Hamlet plant”) and a firm, 15-year take-or-pay off-take contract, adding incremental sales volume of approximately 500,000 metric tons per year to the Partnership. In addition, the Partnership announced that it has made the second and final payment (the “Second Payment”) for its October 2017 acquisition of the deep-water marine terminal in Wilmington, North Carolina and commenced the associated terminal services agreement to handle contracted volumes from the Hamlet plant. As partial consideration for th
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