USD Partners (NYSE:USDP) has announced that it will sell its Casper rail terminal to South 49 Holdings for approximately $33 million. The transaction is expected to be completed before the end of the second quarter of 2023. USD Partners plans to use most of the proceeds from the sale to pay off its revolving credit facility’s outstanding borrowings and for general partnership purposes.
- USD Partners (NYSE:USDP) said Thursday it will sell its Casper rail terminal to South 49 Holdings.
- The sale price for the rail terminal was about $33.0 million.
- The transaction is expected to close prior to the end of the second quarter of 2023.
- The partnership said it intends to use a majority of the proceeds from the sale of the terminal to repay borrowings outstanding under its revolving credit facility, general partnership purposes.
Source: SeekingAlpha
