News Releases

Baker Botts Advises Enviva's Conflicts Committee in Drop-Down Acquisitions

Release

Deal Description: Enviva Partners, LP (NYSE: EVA) (“Enviva”) agreed to purchase from Enviva Holdings, LP (the “sponsor”) 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.

On a total investment of $345.0 million, the acquisitions are expected to generate net income in the range of $18.9 million to $20.9 million and adjusted EBITDA in the range of $43.0 million to $45.0 million once fully ramped.

Baker Botts L.L.P. served as legal counsel to the conflicts committee of the board of directors of the Partnership’s general partner.

The company’s press release can be found here.

Baker Botts Lawyers/Offices Involved:

 

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