USD Partners LP (USDP) Sells Casper Terminal

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Go back to USD Partners LP (USDP) Sells Casper Terminal

USD Partners LP Announces Sale of Casper Terminal

March 23, 2023 4:20 PM EDT

HOUSTON--(BUSINESS WIRE)-- A wholly-owned subsidiary of USD Partners LP (NYSE: USDP) (the Partnership) announced today that it has entered into a Membership Interest Purchase Agreement (the Purchase Agreement) with South 49 Holdings Ltd., a member of the Midstream Energy Partners group of companies (collectively, the Buyer). Upon the terms and subject to the conditions set forth in the Purchase Agreement, the Partnership agreed to sell its Casper rail terminal, by means of a sale of all of the equity interests of the subsidiary which owns the terminal, to the Buyer for a cash purchase price of... More