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| General Information |
| Business: |
We are a fee-based, growth-oriented master limited partnership formed by US Development Group LLC to acquire, develop and operate energy-related rail terminals and other high-quality and complementary midstream infrastructure assets and businesses. Our initial assets consist primarily of: (i) an origination crude-by-rail terminal in Hardisty, Alberta, Canada, with capacity to load up to two 120-railcar unit trains per day and (ii) two destination unit train-capable ethanol rail terminals in San Antonio, Texas, and West Colton, California, with a combined capacity of approximately 33,000 barrels per day (bpd). Our rail terminals provide critical infrastructure allowing our customers to transport energy-related products from multiple supply regions to multiple demand markets. In addition, we provide railcar services through the management of a railcar fleet consisting of 3,799 railcars, as of August 1, 2014, that are committed to customers on a long-term basis. |
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| Industry: |
RAILROAD SWITCHING & TERMINAL ESTABLISHMENTS |
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| Employees: |
43 |
Founded: |
2014 |
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| Contact Information |
| Address: |
811 Main Street, Suite 2800, Houston, TX 77002, US |
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| Financial Information |
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| Revenues: |
$ 23.8 mil (last 12 months) |
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| Net Income: |
$ -4.9 mil (last 12 months) |
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| IPO Profile |
| Symbol: |
USDP |
| Shares (millions): |
9.1 |
| Price Range: |
$17.00 - $17.00 |
| Est.$ Volume |
$ 155.0 mil |
| Manager / Joint Managers |
Citigroup/ Barclays/ Credit Suisse/ BofA Merrill Lynch |
| Co Managers |
Evercore/ BMO Capital Markets/ Deutsche Bank Securities/ Goldman Sachs/ RBC Capital Markets/ Janney Montgomery Scott |
| Expected to Trade |
10/9/2014 |
| Status |
Priced |
| SCOOP RATING |
Available only to Subscribers |
| RATING CHANGE |
Available only to Subscribers |
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