USDP USD Partners LP

USD Partners to Attend 2016 RBC Capital Markets MLP Conference

USD Partners LP (NYSE:USDP) (the “Partnership”) announced today that members of its senior management team will participate at the RBC Capital Markets MLP Conference in Dallas, Texas, on Wednesday, November 16, 2016.

The related presentation materials will be made available on the Partnership’s website no later than 8:00 a.m. Eastern time on November 16, 2016, at www.usdpartners.com on the “Events & Presentations” sub-tab under the “Investors” tab.

About USD Partners LP

The Partnership is a fee-based, growth-oriented master limited partnership formed by US Development Group LLC to acquire, develop and operate energy-related logistics assets, including rail terminals and other high-quality and complementary midstream infrastructure. The Partnership generates substantially all of its operating cash flow from multi-year, take-or-pay contracts for crude oil terminalling services. The Partnership’s assets consist primarily of: (i) a crude oil origination terminal in Hardisty, Alberta, Canada, with capacity to load up to two 120-railcar unit trains per day, (ii) a crude oil terminal in Casper, Wyoming, with unit train-capable railcar loading capacity in excess of 100,000 barrels per day and six customer-dedicated storage tanks with 900,000 barrels of total capacity and (iii) two unit train-capable ethanol destination rail terminals in San Antonio, Texas, and West Colton, California. In addition, the Partnership provides railcar services through the management of a railcar fleet that is committed to customers on a long-term basis.

EN
15/11/2016

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Reports on USD Partners LP

 PRESS RELEASE

USD Partners Announces Amendment to Existing Revolving Credit Agreemen...

HOUSTON--(BUSINESS WIRE)-- On November 21, 2023, USD Partners LP (OTC: USDP) (the “Partnership”) and USD Terminals Canada ULC, an indirect, wholly-owned subsidiary of the Partnership (together with the Partnership, the “Borrowers”), and the subsidiary guarantors party thereto, entered into an amendment (the “Amendment”) to the Borrowers’ existing revolving credit agreement, dated as of November 2, 2018 (the “Credit Agreement”). Among other things, the Amendment extends the maturity date under the Credit Agreement to November 2, 2024 and waives prior defaults under the Credit Agreement. Pursu...

 PRESS RELEASE

USD Partners LP Announces Customer Contract Renewal at Hardisty Termin...

HOUSTON--(BUSINESS WIRE)-- USD Partners LP (OTC: USDP) (the “Partnership”) announced today that it has entered into a one-year extension agreement with an existing refiner customer at its Hardisty Terminal for a contract that was set to expire in January 2024. The current agreement with the customer contains a commitment for 15% of the Hardisty Terminal’s capacity. The one-year extension with the customer contracts 7% of the Hardisty Terminal’s capacity through the end of January 2025, with an option to utilize up to an incremental 4% of the terminal’s capacity on a monthly basis. The renewal ...

 PRESS RELEASE

USD Partners Announces Third Waiver Extension Agreement Under Credit A...

HOUSTON--(BUSINESS WIRE)-- USD Partners LP (OTC: USDP) (the “Partnership”) announced today that it has entered into an agreement (the “Third Waiver Extension Agreement”) with the lenders and administrative agent under its existing Credit Agreement to, among other things, extend the forbearance period as provided in the previously announced Second Waiver Extension Agreement, dated as of November 1, 2023, from its expiration date of November 17, 2023 to November 21, 2023 (the “New Expiration Date”). Pursuant to the Third Waiver Extension Agreement, the lenders and administrative agent have agree...

 PRESS RELEASE

USD Partners LP Announces Suspended NYSE Trading, Anticipates Trading ...

HOUSTON--(BUSINESS WIRE)-- USD Partners LP (NYSE: USDP) (the “Partnership”) announced today that the Partnership received notification from the New York Stock Exchange (the “NYSE”) that the NYSE will suspend trading of, and commence proceedings to delist, the Partnership’s common units, effective at the open of business eastern standard time on November 16, 2023. The determination was made in connection with the Partnership’s non-compliance with an NYSE listing requirement necessitating an average market capitalization of at least $15 million over a consecutive 30 trading-day period. The Partn...

 PRESS RELEASE

USD Partners LP Announces Third Quarter 2023 Results

HOUSTON--(BUSINESS WIRE)-- USD Partners LP (NYSE: USDP) (the “Partnership”) announced today its operating and financial results for the three and nine months ended September 30, 2023. Financial highlights with respect to the third quarter of 2023 include the following: Reported a Net Loss of $2.8 million Reported Net Cash Provided by Operating Activities of $0.9 million, Adjusted EBITDA(1) of $2.0 million and Distributable Cash Flow(1) of $0.3 million “We are pleased to have announced a short-term extension of the forbearance under our Credit Agreement last week as we continue to have...

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