---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-087327"
form_type: "8-K"
ticker: "USDP"
cik: "0001610682"
company_name: "USD Partners LP"
filed_at: "2022-03-29T23:59:59+00:00"
generated_at: "2026-06-26T14:49:01.790969+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# USD Partners LP acquires Hardisty South terminal and eliminates IDRs for $75M cash + 5.75M units

## Summary
- Acquires Hardisty South terminal assets from USD Group for $75M in cash + ~5.75M common units.
- Eliminates all IDRs and converts economic GP interest to non-economic, simplifying structure.
- Transaction expected to close Q2 2022; post-close USDG holds ~52% of outstanding common units.
- Expected double-digit accretion to Distributable Cash Flow per unit in 2023, with estimated $14-18M annual EBITDA contribution.
- Funded from $275M credit facility; approved by Conflicts Committee with independent advisors.

## SEC filing metadata
- accession: 0001193125-22-087327
- form_type: 8-K
- ticker: USDP
- cik: 0001610682
- company_name: USD Partners LP
- filed_at: 2022-03-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610682/000119312522087327/0001193125-22-087327-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610682/000119312522087327/d316100d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-087327
- JSON: https://secwatch.observer/filing/0001193125-22-087327.json
- Plain text: https://secwatch.observer/filing/0001193125-22-087327.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.