Enviva Partners, LP (NYSE:EVA) Files An 8-K Other Events
Item8.01Other Events.
On November1, 2016, Enviva Partners,LP (the Partnership) and its
wholly owned subsidiary, Enviva Partners Finance Corp. (Finance
Corp., and together with the Partnership, the Issuers) completed
a private placement of $300 million aggregate principal amount of
8.5% senior notes due 2021 (the Senior Notes), which are
guaranteed jointly and severally, on a senior unsecured basis, by
the Partnerships existing subsidiaries other than Finance Corp.,
Enviva Pellets Wiggins, LLC and Enviva Preferred Holdings, LLC
(the Guarantors). In connection with the private placement of the
Senior Notes, the Partnership and the Guarantors entered into a
registration rights agreement with the initial purchasers of the
Senior Notes obligating the Partnership and the Guarantors to
file an exchange registration statement (the Registration
Statement) with the Securities and Exchange Commission to
exchange the Senior Notes and related guarantees for registered
notes and guarantees having substantially the same terms as the
Senior Notes (the Exchange Offer). In connection with the
Exchange Offer, the Partnership will become subject to the
requirements of Rule3-10 of RegulationS-X regarding financial
statements of guarantors and issuers of guaranteed securities
registered or being registered. The Partnership is filing on this
Current Report on Form8-K (this Current Report) certain financial
information required to be included in or incorporated by
reference into the Registration Statement by Rule3-10 of
RegulationS-X.
to Rule3-10 of RegulationS-X, the Partnership is filing (i)as
Exhibit99.1 to this Current Report the Partnerships audited
consolidated financial statements included in its Annual Report
on Form10-K for the year ended December31, 2016 (the 10-K), which
include new Note22 to the Partnerships audited consolidated
financial statements and (ii)as Exhibit99.2 to this Current
Report the Partnerships unaudited condensed consolidated
financial statements contained in its Quarterly Report on
Form10-Q for the period ended March31, 2017 (the 10-Q), which
include new Note18 to the Partnerships unaudited condensed
consolidated financial statements, in each case disclosing
condensed consolidating financial information regarding the
financial position, results of operations and cash flows of the
Partnership and its subsidiaries. The information in this Current
Report is not an amendment to the 10-K or the 10-Q and is not a
restatement of the financial information included therein.
Item 9.01. Financial Statements and Exhibits.
Exhibits.
|
Exhibit Number |
|
Description |
|
23.1 |
Consent of KPMG LLP. |
|
|
99.1 |
Enviva Partners, LP consolidated balance sheets as of |
|
|
99.2 |
Enviva Partners, LP unaudited condensed consolidated |
About Enviva Partners, LP (NYSE:EVA)
Enviva Partners, LP is a producer of wood pellets. The Company, through its interests in Enviva, LP and Enviva GP, LLC, supplies utility-grade wood pellets to power generators under long-term, take-or-pay off-take contracts. The Company procures wood fiber and processes it into utility-grade wood pellets. The Company loads the finished wood pellets into railcars, trucks and barges that are transported to deep-water marine terminals, where they are received, stored and ultimately loaded onto oceangoing vessels for transport to its Northern European customers. The Company owns and operates approximately six production plants in the Southeastern United States that have a combined wood pellet production capacity of approximately 2.3 million metric tons per year (MTPY). Wood pellets are exported from a deep-water marine terminal in Chesapeake, Virginia and from third-party deep-water marine terminals in Mobile, Alabama and Panama City, Florida under long-term contracts.