Investor Presentaiton
Balance Sheet Overview
Balance Sheet Highlights as of December 31, 2020
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Liquid receivables and inventory comprising 24% of total assets
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Remaining assets are comprised primarily of $1.1B of conservatively valued fixed assets
(strategically located, non-replicable terminals and gas stations)
$184.4M (18%) of total debt related to inventory financing
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- Borrowed under working capital facility
$859.6M (82%) 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 3.1x1
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2,760,000 9.75% Series A preferred equity units
1 Combined Total Leverage Ratio (Funded Debt/EBITDA) as defined under the Partnership's Credit Agreement
25
25
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