USD Partners LP (OTC:USDP) ("we" and the "Partnership") announced today that the Partnership completed the sale of the Hardisty Rail Terminal, the Partnership's last remaining operating asset. The Partnership became obligated to sell the Hardisty Rail Terminal by the lenders under the Partnership's revolving credit facility as a condition to entering into a forbearance agreement, pursuant to which the lenders agreed to forbear from exercising any rights or remedies arising from certain events of default and certain prospective events of default related to the Partnership's failure to satisfy certain milestones under the revolving credit facility (the "Forbearance Agreement").

The sale of the Hardisty Rail Terminal was the result of an extensive and broadly marketed process conducted by an independent investment bank approved by the lenders under the revolving credit facility.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of U.S. federal securities laws. Words and phrases such as "intends," "will," "could" and similar expressions are used to identify such forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements relating to the Partnership are based on management's expectations, estimates and projections on the date this press release was issued. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include those set forth under the heading "Risk Factors" in the Partnership's financial statements for the years ended December 31, 2023 and 2024, which are available on the Partnership's website. Investors are advised to exercise extreme caution with respect to the risks of investing in the Partnership common units and should read the "Risk Factors," together with all information publicly disclosed by the Partnership subsequent thereto. The Partnership is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

Category: Corporate

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Investor Relations Contacts:

Kyle Schornick, (832) 991-8575

Senior Vice President and Chief Financial Officer

Jennifer Waller, (832) 991-8383

Senior Director, Financial Reporting and Investor Relations

USD Partners Announces Sale of Its Final Asset