TPH Advises USD Group LLC on Dropdown of Hardisty South terminal to USD Partners LP and Elimination of IDRs

Casey ColelloLatest News

Tudor, Pickering, Holt & Co. served as financial advisor to USD Group LLC (“Sponsor”) on its dropdown of entities owning the Hardisty South terminal to USD Partners LP (NYSE: USDP), elimination of its incentive distribution rights and exchange of its economic general partner interest for a non-economic general partner interest for total consideration of 75 million in cash and approximately 5.75 million USDP common units. For USDP’s press release regarding this transaction, please click the link below.