Enviva Partners Closes $150 Million Tack-On Offering of 6.5% Senior Notes Due 2026
Vinson & Elkins advised Enviva Partners, LP in a tack-on private placement to eligible purchasers of $150.0 million in aggregate principal amount of 6.5% senior unsecured notes due 2026 at an offering price of 103.75% of the principal amount, which implies an effective yield to worst of approximately 5.3%. The offering closed on July 15, 2020.
The V&E corporate team was led by partners David Stone and Ramey Layne with assistance from counsel Chris Mathiesen, senior associate Jessica Lewis and associates Maggie Webber and Carmen Guidry. Also advising were partner Jim Meyer and associate Dan Henderson; partners Maggie Peloso and Matthew Dobbins and associate Austin Pierce; and partner Brian Bloom and associate Maddison Riddick.
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