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Stock impact report

USD Partners Announces Sale of Stroud Terminal

USD Partners LP Common Units representing limited partner interest (USDP) 
US:NYSE Investor Relations: investor.usdpartners.com
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)--A wholly-owned subsidiary of USD Partners LP (OTC: USDP) (the “Partnership”) announced today that on April 26, 2024, it completed the sale of the Stroud rail terminal to a third party buyer for all cash consideration.The Partnership used the net proceeds from the sale to repay borrowings outstanding under its revolving credit agreement and to pay transaction expenses. As of May 2, 2024, the Partnership had approximately $169.9 million of borrowings outstanding under its credit agreement.About USD Partners LPUSD Partners LP is a fee-based, growth-oriented master limited partnership formed in 2014 by US Development Group, LLC (“USD”) to acquire, develop and operate midstream infrastructure and complementary logistics solutions for crude oil, biofuels and other energy-related products. The Partnership generates substantially all of its operating cash flows from multi-year, take-or-pay contracts with primarily investment grade customers, including major integ Show less Read more
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