One-Page Deal Sheet
CorEnergy to Acquire West Coast Petroleum Products Terminal Facility
Corenergy Infrastructure Trust Not Disclosed
Announced Date
January 15,2014
Transaction Type
Asset
Location
Region
Williston Basin
Country
United States
State
Oregon
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CorEnergy Infrastructure Trust, Inc. has entered into a definitive agreement to acquire a petroleum products terminal facility for $40 million in cash.
The terminal is expected to be leased to a subsidiary of Arc Logistics Partners LP under a long-term triple net lease. Located in Portland, Oregon, the terminal is strategically positioned to support the storage, throughput and transloading needs of the region.
CorEnergy will finance the acquisition cost with cash expected to be raised through our simultaneously announced equity offering at the time of closing.
The key characteristics of the…