USD Partners Announces Sale of Its Final Asset | USDP Stock News

Apr 10, 2025

USD Partners LP (OTC: USDP) completes the sale of its last operating asset, the Hardisty Rail Terminal.
The sale was necessitated by a forbearance agreement due to defaults on a revolving credit facility.
An independent investment bank conducted the sale process, approved by lenders.

USD Partners LP (OTC: USDP) has finalized the sale of its Hardisty Rail Terminal, marking the divestment of its last remaining operational asset. This transaction was a requirement set by the lenders under the company's revolving credit facility, following the company's inability to meet certain financial milestones.

The forbearance agreement, established due to USDP's failure to adhere to predetermined objectives under the revolving credit facility, allowed lenders to temporarily withhold action regarding any defaults. As part of this deal, an independent investment bank approved by the lenders facilitated an extensive and widely marketed sale process.

This strategic move underscores USD Partners' efforts to comply with financial obligations under challenging circumstances. USD Partners continues to trade on the OTC market under the ticker symbol USDP.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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