One-Page Deal Sheet
Global Grabs 60% Interest in Bakken Transloading Co.
Global Partners Lp Basin Transload Llc
Announced Date
February 04,2013
Close Date
February 04,2013
Transaction Type
Asset
Location
Region
Williston Basin
Country
United States
State
North Dakota
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Global Partners LP has announced the completion of its previously announced acquisition of a 60% membership interest in Basin Transload LLC, which operates two crude oil transloading facilities in Columbus and Beulah, North Dakota with a combined rail loading capacity of 160,000 barrels per day. The purchase price, subject to post-closing adjustments, was approximately $85 million, which Global financed through an increase in its credit facility.
"Basin Transload provides us with strategically located assets in the Bakken region," said Eric Slifka, Global’s president and chief executive…
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