Enviva Partners (EVA) to Sell Up to $100M in Common Units

August 9, 2016 7:30 AM EDT

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Enviva Partners, LP (NYSE: EVA) today announced the commencement of an At-The-Market program and that it has entered into an Equity Distribution Agreement (the “Agreement”) with Barclays Capital Inc., RBC Capital Markets, LLC, Raymond James & Associates, Inc. and USCA Securities LLC (collectively, the “Managers”). Pursuant to the terms of the Agreement, the Partnership may offer and sell common units representing limited partner interests in the Partnership (the “Common Units”) from time to time to or through the Managers, as the Partnership’s sales agents or as principals, of up to an aggregate sales amount of $100,000,000.

The Common Units will be offered and sold pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. Copies of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained on the Securities and Exchange Commission’s website. The Partnership intends to use the net proceeds from the sale of the Common Units for general partnership purposes.

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