USD Group LLC Enters into Partnership with Energy Capital Partners

USD Group LLC and its affiliates (“USDG” or the “Company”) announced today the successful closing of a partnership with Energy Capital Partners (“ECP”), an energy infrastructure-focused private equity firm with over $13 billion in capital commitments. ECP has indicated an intention to invest over an additional $1.0 billion of equity capital in USDG, subject to market and other conditions, to support USDG’s expanding vision of developing and acquiring rail terminals and complementary midstream assets. As part of its commitment, ECP purchased a meaningful equity interest in USDG’s parent entity, US Development Group LLC. The Company will use the resulting proceeds to realign its shareholder base, fund several existing growth projects and strengthen its balance sheet to allow for additional flexibility to pursue its goal of providing rail-related energy infrastructure solutions. About USD Group LLC USDG and its affiliates are engaged in designing, developing, owning, managing and

22 Sep 2014 ... USD Group LLC and its affiliates (“USDG” or the “Company”) announced today the successful closing of a partnership with Energy Capital ...

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