---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-090990"
form_type: "8-K"
ticker: "USDP"
cik: "0001610682"
company_name: "USD Partners LP"
filed_at: "2023-04-04T23:59:59+00:00"
generated_at: "2026-06-17T06:29:04.501969+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# USD Partners LP completes sale of Casper rail terminal for ~$33M cash

## Summary
- Sale closed March 31, 2023 to South 49 Holdings Ltd. for ~$33 million, subject to adjustments.
- Proceeds used to repay $19.5 million under revolving credit facility with Bank of Montreal.
- Piper Sandler & Co. served as exclusive financial advisor; Gibson Dunn as legal advisor.
- Pro forma removes $22.9M PP&E and $3.5M intangibles; FY2022 net income swings from loss of $61.3M to $26.2M.

## SEC filing metadata
- accession: 0001193125-23-090990
- form_type: 8-K
- ticker: USDP
- cik: 0001610682
- company_name: USD Partners LP
- filed_at: 2023-04-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610682/000119312523090990/0001193125-23-090990-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610682/000119312523090990/d426679d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-090990
- JSON: https://secwatch.observer/filing/0001193125-23-090990.json
- Plain text: https://secwatch.observer/filing/0001193125-23-090990.txt

## Key facts
- M&A Transactions
  USD Partners LP completed a disposition involving South 49 Holdings Ltd. for approximately $33 million (closed 2023-03-31).
  - Action: disposition
  - Counterparty: South 49 Holdings Ltd.
  - Consideration: approximately $33 million
  - Closing: 2023-03-31
  source text: to that certain Membership Interest Purchase Agreement, dated March 20, 2023, by and between Seller and Buyer (the “Purchase Agreement”), for cash consideration of approximately $33 million, subject to customary adjustments. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 April 3, 2023 USD Partners LP Announces Closing of Casper Terminal Sale Houston, TX – A
  evidence_url: https://www.sec.gov/Archives/edgar/data/1610682/000119312523090990/0001193125-23-090990-index.htm

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