Enviva to repay borrowings under revolver with add-on note proceeds

By Sarah Lizee

Olympia, Wash., Dec. 10 – Enviva Partners, LP plans to repay borrowings on its senior secured revolving credit facility using proceeds from add-on notes, according to a press release.

The company announced that its subsidiary, Enviva Partners Finance Corp., intends to offer an additional $50 million of 6½% senior notes due Jan. 15, 2026. The original $550 million issue priced in November.

The Bethesda, Md.-based master limited partnership manufactures wood pellets.

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