---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-099508"
form_type: "8-K"
ticker: "USDP"
cik: "0001610682"
company_name: "USD Partners LP"
filed_at: "2022-04-08T23:59:59+00:00"
generated_at: "2026-06-26T08:29:20.579533+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# USD Partners completes acquisition of Hardisty South Terminal for $75M cash + 5.75M units; eliminates IDRs

## Summary
- Acquired Hardisty South Terminal from USD Group for $75M cash and ~5.75M common units.
- Eliminated sponsor's incentive distribution rights and converted GP's 1.6% economic interest to non-economic.
- After closing, USD Group owns 51.9% of USDP (17.3M common units outstanding).
- Combined Hardisty Terminal capacity now 262,500 barrels per day (3.5 unit trains).
- Cash portion funded via borrowings under $275M senior secured credit facility.

## SEC filing metadata
- accession: 0001193125-22-099508
- form_type: 8-K
- ticker: USDP
- cik: 0001610682
- company_name: USD Partners LP
- filed_at: 2022-04-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 3.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610682/000119312522099508/0001193125-22-099508-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610682/000119312522099508/d345498d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-099508
- JSON: https://secwatch.observer/filing/0001193125-22-099508.json
- Plain text: https://secwatch.observer/filing/0001193125-22-099508.txt

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