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Enviva Partners, LP Closes Upsized $550 Million Offering of Senior Notes

Deals & Cases
December 9, 2019

Vinson & Elkins advised Enviva Partners, LP (the “Partnership”) in its private placement to eligible purchasers of $550.0 million in aggregate principal amount of 6.5% senior unsecured notes due 2026, which closed on December 9, 2019. 

V&E also advised the Partnership in a tack-on private placement to eligible purchasers of $50.0 million in aggregate principal amount of 6.5% senior unsecured notes due 2026 at an offering price of 103.50% of the principal amount, which implies an effective yield to maturity of approximately 5.8%. The tack-on offering priced today, December 10, 2019, and is expected to close December 12, 2019, subject to customary closing conditions.

The V&E corporate team was led by partners David Stone and Ramey Layne with assistance from senior associates Chris Mathiesen and Jessica Lewis and associates Maggie Webber and Carmen Guidry. Also advising were partner Jim Meyer and associate Dan Henderson. 

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