secwatch.observer — SEC 8-K summary
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Issuer:     USD Partners LP (USDP)
CIK:        0001610682
Form:       8-K
Filed at:   2023-04-04T23:59:59+00:00
Accession:  0001193125-23-090990
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1610682/000119312523090990/0001193125-23-090990-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1610682/000119312523090990/d426679d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-090990

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer