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USD Partners brings revolver down to $181 million with divestment
Chicago, Dec. 22 – USD Partners LP used the proceeds from the sale of its West Colton rail terminal to a private buyer to repay borrowings under its revolving credit agreement and for transaction expenses, according to a press release.
The company amended its existing credit agreement on Nov. 21 to extend the maturity date to Nov. 2, 2024 and to waive prior defaults, as previously reported.
The transaction satisfied the credit agreement’s requirements related to the sale of the West Colton terminal.
As of Dec. 22, there is $181 million outstanding under the credit agreement.
Based in Houston, USD Partners is a master limited partnership formed to acquire, develop and operate energy-related rail terminals.
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