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USD Partners LP of Houston has agreed to acquire Casper Crude to Rail LLC from Stonepeak Infrastructure Partners, Cogent Energy Solutions and The Granite Peak Group for $225 million, the companies announced Monday.The Casper’s unit train-capable crude-oil terminal in Casper, Wyo., has a direct connection from Spectra Energy Partners LP’s Express crude-oil pipeline, which runs from Hardisty, Alberta, to Casper. The facility began operations in September 2014.USD Partners will finance the acquisition with $35 million in cash and $173 million in senior secured credit facility borrowings. Closing is expected in fourth-quarter 2015, according to a press release.The terminal offers 100,000 barrels per day of capacity, dual loop tracks and six customer-dedicated storage tanks with 900,000 barrels of total capacity. Its location offers access to refining centers across the United States. The facility has room for a second loading station and an additional 1.1 million barrels of storage capacity."The Casper terminal represents an attractive opportunity to deliver a highly accretive, complementary acquisition to our unit-holders and supports the partnership’s ability to achieve its targeted distribution growth over the next several years," said USD Partners Chief Executive Officer Dan Borgen.
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