Attached files
file | filename |
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8-K - 8-K - Enviva Partners, LP | d919919d8k.htm |
EX-4.1 - EX-4.1 - Enviva Partners, LP | d919919dex41.htm |
EX-1.1 - EX-1.1 - Enviva Partners, LP | d919919dex11.htm |
EX-3.1 - EX-3.1 - Enviva Partners, LP | d919919dex31.htm |
EX-10.7 - EX-10.7 - Enviva Partners, LP | d919919dex107.htm |
EX-10.3 - EX-10.3 - Enviva Partners, LP | d919919dex103.htm |
EX-10.8 - EX-10.8 - Enviva Partners, LP | d919919dex108.htm |
EX-10.1 - EX-10.1 - Enviva Partners, LP | d919919dex101.htm |
EX-99.1 - EX-99.1 - Enviva Partners, LP | d919919dex991.htm |
EX-10.2 - EX-10.2 - Enviva Partners, LP | d919919dex102.htm |
Exhibit 99.2
News Release
Investor Contact:
Stephen F. Reeves
(240) 482-3856
ir@envivapartners.com
Enviva Partners, LP Announces Closing of Initial Public Offering
Bethesda, MD (May 4, 2015) Enviva Partners, LP (Enviva Partners or the Partnership) today announced the closing of its initial public offering of 11,500,000 common units representing limited partner interests at $20.00 per common unit. The number of common units issued at closing included 1,500,000 common units that were issued pursuant to the full exercise of the underwriters option to purchase additional common units. The common units began trading on the New York Stock Exchange on April 29, 2015 under the ticker symbol EVA. Net proceeds from the offering were approximately $213.6 million.
Following the closing of the offering, the public owns common units representing a 48.3% limited partner interest in the Partnership. Enviva Holdings, LP (the Sponsor) owns common units and subordinated units representing a 51.7% limited partner interest in the Partnership.
The Partnership intends to use the net proceeds from the offering to pay, together with borrowings under its new term loan facility, a distribution to the Sponsor, to repay intercompany indebtedness related to the acquisition of the Partnerships Cottondale wood pellet production plant and for general partnership purposes, including future acquisitions.
Barclays Capital Inc., Goldman, Sachs & Co., RBC Capital Markets, LLC and Citigroup Global Markets Inc. acted as joint book-running managers for the offering, and J.P. Morgan Securities LLC, Raymond James & Associates, Inc., Mitsubishi UFJ Securities (USA), Inc. and U.S. Capital Advisors acted as co-managers for the offering. The offering of these securities was made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. A copy of the final prospectus may be obtained from:
Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
barclaysprospectus@broadridge.com
Toll-Free: (888) 603-5847
Goldman, Sachs & Co.
Attn: Prospectus Department
200 West Street
New York, New York 10282
prospectus-ny@ny.emal.gs.com
Toll-Free: 1-866-471-2526
RBC Capital Markets, LLC
Attn: Prospectus Department
Three World Financial Center
200 Vesey Street, 8th Floor
New York, NY 10281
Toll-Free: 1-877-822-4089
Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
prospectus@citi.com
Toll-Free: (800) 831-9146
You may also get a copy of the final prospectus for free by visiting the U.S. Securities and Exchange Commissions (the SEC) website at http://www.sec.gov.
A registration statement relating to these securities has been filed with and declared effective by the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities described above in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Enviva Partners, LP
Enviva Partners, LP, a growth-oriented limited partnership, is the worlds largest supplier by production capacity of utility-grade wood pellets to major power generators. Enviva Partners owns and operates five wood pellet production plants in the Southeastern U.S. that have a combined wood pellet production capacity of approximately 1.7 million metric tons per year and a dry-bulk, deep-water marine terminal at the Port of Chesapeake, VA.
Forward-Looking Statements
This press release may include forward-looking statements. These forward-looking statements involve risks and uncertainties. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the Partnerships prospectus and SEC filings. The Partnership undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
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