Enviva Partners, LP Announces Accretive Drop-Down Transactions, Underwritten Public Offering
Vinson & Elkins advised Enviva Holdings, LP in a transaction whereby Enviva Partners, LP has agreed to purchase from Enviva Holdings, LP a wood pellet production plant in Lucedale, Mississippi, a deep-water marine terminal in Pascagoula, Mississippi and three long-term, take-or-pay off-take contracts with creditworthy Japanese counterparties (the “acquisitions”).
V&E also advised Enviva Partners, LP in an upsized underwritten public offering of 4,400,000 common units representing limited partner interests intended to fund a portion of the aggregate purchase price for the Acquisitions.
The V&E team advising on the acquisitions was led by Caroline Blitzer Phillips, Heather Brocksmith and Tara Tegeleci, with assistance from Tzvi Werzberger, Carter Olson, Ryan Carney, Dan Henderson, Darren Tucker, Ryan Will and Scot Dixon. Advising on the public offering was Ramey Layne, Jessica Lewis, Carmen Guidry and Chandler Spinks.
About Vinson & Elkins
For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.
For more information, please speak with our media contacts.