---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-077912"
form_type: "8-K"
ticker: "USDP"
cik: "0001610682"
company_name: "USD Partners LP"
filed_at: "2023-03-23T23:59:59+00:00"
generated_at: "2026-06-17T18:24:06.223111+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# USD Partners LP sells Casper rail terminal for ~$33M; proceeds to repay debt

## Summary
- Sold Casper rail terminal to South 49 Holdings Ltd. for ~$33M cash.
- Transaction expected to close before end of Q2 2023.
- Majority of proceeds to repay revolving credit facility; remainder for general purposes.
- CEO cites commitment to converting dilbit capacity to DRUbit program at Hardisty Terminal.
- Piper Sandler served as exclusive financial advisor.

## SEC filing metadata
- accession: 0001193125-23-077912
- form_type: 8-K
- ticker: USDP
- cik: 0001610682
- company_name: USD Partners LP
- filed_at: 2023-03-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610682/000119312523077912/0001193125-23-077912-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610682/000119312523077912/d476181d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-077912
- JSON: https://secwatch.observer/filing/0001193125-23-077912.json
- Plain text: https://secwatch.observer/filing/0001193125-23-077912.txt

## Key facts
- Material Agreements
  USD Partners LP entered into Membership Interest Purchase Agreement with South 49 Holdings Ltd. valued at approximately $33 million (effective 2023-03-20).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: South 49 Holdings Ltd.
  - Value: approximately $33 million
  - Effective: 2023-03-20
  source text: On March 20, 2023, USDP CCR LLC (the “Seller”), an indirect, wholly-owned subsidiary of USD Partners LP (the “Partnership”), entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) with South 49 Holdings Ltd., a member of the Midstream Energy Partners group of companies (collectively, the “Buyer”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1610682/000119312523077912/0001193125-23-077912-index.htm

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