secwatch.observer — SEC 8-K summary
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Issuer:     USD Partners LP (USDP)
CIK:        0001610682
Form:       8-K
Filed at:   2022-03-29T23:59:59+00:00
Accession:  0001193125-22-087327
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1610682/000119312522087327/0001193125-22-087327-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1610682/000119312522087327/d316100d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-087327

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