Enviva Partners (EVA) Announces Public Offering of 4M Common Units

Enviva Partners, LP (NYSE: EVA) (the “Partnership,” “we,” “us,” or “our”) today announced that it has commenced an underwritten public offering (the “Offering”) of 4,000,000 common units representing limited partner interests. The Partnership expects to grant the underwriters an option to purchase up to an additional 460,000 common units from the Partnership at the issue price of the Offering.

The Partnership intends to use the net proceeds of the Offering to fund a portion of the aggregate purchase price for the acquisitions of (i) a wood pellet production plant in Lucedale, Mississippi, (ii) a deep-water marine terminal in Pascagoula, Mississippi, and (iii) three long-term, take-or-pay off-take contracts with creditworthy Japanese counterparties, which we refer to collectively as the “Acquisitions”. The Offering is not conditioned on the consummation of the Acquisitions.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Barclays Capital Inc., BMO Capital Markets Corp., Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and RBC Capital Markets, LLC are acting as joint book-running managers for the Offering. Raymond James & Associates, Inc., Tudor, Pickering, Holt & Co. Securities, LLC and USCA Securities LLC are acting as co-managers for the Offering.

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