Brief: Enviva Announces $250 Million Pipe Transaction

Enviva

01/03/2023 11:45

March 1 (Reuters) - Enviva Inc  EVA.N :
    * ENVIVA ANNOUNCES $250 MILLION PIPE TRANSACTION
    * PIPE IS LED BY AFFILIATES OF ENVIVA'S TWO LARGEST
SHAREHOLDERS,
RIVERSTONE HOLDINGS LLC AND INCLUSIVE CAPITAL PARTNERS, AND BTG
PACTUAL
    * PIPE IS EXPECTED TO CLOSE ON OR ABOUT MARCH 20, 2023
    * EXPECTS TO USE PROCEEDS FROM OFFERING TO FUND GROWTH
CAPITAL
PROGRAM, AS WELL AS REPAY BORROWINGS UNDER ITS REVOLVING CREDIT
FACILITY

Source text for Eikon:  ID:nBw4HCWssa 
Further company coverage:  EVA.N