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Articles by USD Partners LP
Contact - The Lethbridge Herald - News and Sports from around Lethbridge
By: USD Partners LP via Business Wire December 31, 2025 at 16:17 PM EST As previously announced, USD Partners LP (OTC: USDP) (the “Partnership”) sold its last remaining operating asset, ceased operations and announced its intention to cancel the equity of the Partnership following termination of its credit facility.
USD Partners to Liquidate
Business Wire - 4 minutes ago Press Release All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here As previously announced, USD Partners LP (OTC: USDP) (the “Partnership”) sold its last remaining operating asset, ceased operations and announced its intention to cancel the equity of the Partnership following termination of its credit facility.
USD Partners Announces Sale of Its Final Asset
USD Partners LP (OTC: USDP) (“we” and the “Partnership”) announced today that the Partnership completed the sale of the Hardisty Rail Terminal, the Partnership’s last remaining operating asset.
USD Partners Announces Expected Sale of Its Final Asset
USD Partners LP (OTC: USDP) (“we” and the “Partnership”) announced today that the Partnership expects to complete the sale of the Hardisty Rail Terminal, our last remaining operating asset, on or prior to mid-April 2025.
USD Partners LP Announces Quarterly Unaudited Financial Statements for the Quarter Ended September 30, 2024
USD Partners LP (OTC: USDP) (the “Partnership”) today announced that the Partnership has posted its quarterly unaudited financial statements and quarterly OTC Disclosure Statement for the quarter ended September 30, 2024, on its website. The Partnership’s financial and disclosure statements are available through its website at www.usdpartners.com by selecting the “Financials” sub-tab under the “Investors” tab.
TDWP Announces Deal with Summit Next Gen and Provides a Strategic Update
On September 13, 2024, Texas Deepwater Partners LLC (“TDWP”) closed the sale of 60 acres on the Houston Ship Channel to Summit Next Gen LLC (“Summit Next Gen”). Summit Next Gen acquired the property from TDWP to construct the first at-scale ethanol-to-jet fuel (ETJ) facility that will produce sustainable aviation fuel (SAF). Summit has also purchased an exclusive option on an incremental 40 acres to support plant expansion for future SAF demand growth.
USD Partners LP Announces Quarterly Unaudited Financial Statements for the Quarter Ended June 30, 2024
USD Partners LP (OTC: USDP) (the "Partnership") today announced that the Partnership has posted its quarterly unaudited financial statements and quarterly OTC Disclosure Statement for the quarter ended June 30, 2024, on its website. The Partnership's financial and disclosure statements are available through its website at www.usdpartners.com by selecting the "Financials" sub-tab under the "Investors" tab.
USD Partners Announces Forbearance Agreement Under Credit Agreement
USD Partners LP (OTC: USDP) (the “Partnership”) announced today that on June 21, 2024 it entered into an agreement (the “Forbearance Agreement”) with the lenders and administrative agent under its existing Credit Agreement.
USD Partners Announces Forbearance Agreement Under Credit Agreement
USD Partners LP (OTC: USDP) (the “Partnership”) announced today that on June 21, 2024 it entered into an agreement (the “Forbearance Agreement”) with the lenders and administrative agent under its existing Credit Agreement.
USD Partners LP Announces Quarterly Unaudited Financial Statements for the Quarter Ended March 31, 2024
USD Partners LP (OTC: USDP) (the “Partnership”) today announced that the Partnership has posted its quarterly unaudited financial statements and quarterly OTC Disclosure Statement for the quarter ended March 31, 2024, on its website. The Partnership’s financial and disclosure statements are available through its website at www.usdpartners.com by selecting the “Financials” sub-tab under the “Investors” tab.
USD Partners Announces Sale of Stroud Terminal
A wholly-owned subsidiary of USD Partners LP (OTC: USDP) (the “Partnership”) announced today that on April 26, 2024, it completed the sale of the Stroud rail terminal to a third party buyer for all cash consideration. The Partnership used the net proceeds from the sale to repay borrowings outstanding under its revolving credit agreement and to pay transaction expenses. As of May 2, 2024, the Partnership had approximately $169.9 million of borrowings outstanding under its credit agreement.
USD Partners LP Announces Annual Audited Financials for the Year Ended December 31, 2023 and Schedule K-1 Availability
USD Partners LP (OTC: USDP) (the “Partnership”) today announced that the Partnership has posted its annual audited financials for the fiscal year ended December 31, 2023, on its website. The Partnership’s Annual Financials are available through its website at www.usdpartners.com by selecting the “Financials” sub-tab under the “Investors” tab.
USD Partners and USD Group Announce Chief Financial Officer Transition
USD Partners LP (OTC: USDP) (the “Partnership”) and US Development Group, LLC (“USD Group”), which owns the general partner of the partnership, announced today that Adam Altsuler, the Partnership’s and USD Group’s Executive Vice President, Chief Financial Officer, has resigned his position effective February 2, 2024, in order to pursue other opportunities.
USD Partners Announces Sale of West Colton Terminal
A wholly-owned subsidiary of USD Partners LP (OTC: USDP) (the “Partnership”) announced today that on December 20, 2023, it completed the sale of the West Colton rail terminal to a private buyer for all cash consideration. The Partnership used the net proceeds from the sale to repay borrowings outstanding under its revolving credit agreement and to pay transaction expenses. The transaction satisfied the credit agreement’s requirements related to the sale of the West Colton Terminal.
USD Partners LP Files Form 15 to Voluntarily Deregister and Suspend SEC Reporting Obligations
USD Partners LP (OTC: USDP) (the “Partnership”) announced today that it filed a Form 15 with the Securities and Exchange Commission (the “SEC”) to deregister its common units representing limited partner under Section 12(g) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and to suspend its reporting obligations under Section 15(d) of the Exchange Act.
USD Partners Announces Amendment to Existing Revolving Credit Agreement and Extension of Maturity Date
On November 21, 2023, USD Partners LP (OTC: USDP) (the “Partnership”) and USD Terminals Canada ULC, an indirect, wholly-owned subsidiary of the Partnership (together with the Partnership, the “Borrowers”), and the subsidiary guarantors party thereto, entered into an amendment (the “Amendment”) to the Borrowers’ existing revolving credit agreement, dated as of November 2, 2018 (the “Credit Agreement”).
USD Partners LP Announces Customer Contract Renewal at Hardisty Terminal
USD Partners LP (OTC: USDP) (the “Partnership”) announced today that it has entered into a one-year extension agreement with an existing refiner customer at its Hardisty Terminal for a contract that was set to expire in January 2024. The current agreement with the customer contains a commitment for 15% of the Hardisty Terminal’s capacity.
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