Fueling the Future
Balance Sheet Highlights as of December 31, 2023
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Liquid receivables and inventory comprising 27% of total assets
Remaining assets are comprised primarily of $1.5B of conservatively valued fixed assets
- Strategically located, non-replicable terminals and gas stations
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$16.8M (1%) of total debt under working capital facility
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$1.1B (99%) of total debt related to:
– Terminal operating infrastructure
- Acquisitions and capital expenditures
$400M 7.00% senior notes due 2027 and $350M 6.875% senior notes due 2029
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Combined Total Leverage Ratio approximately 2.86x1
2,760,000 Series A preferred equity units
3,000,000 9.50% Series B preferred equity units
1 Combined Total Leverage Ratio (Funded Debt/EBITDA) as defined under the Partnership's Credit Agreement
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GLOBAL
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