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Debt Financing / Related, Divestitures / Spin-offs, Other Pre-Announcement

Blueknight Announces Transformational $162 Mln Sale Of Crude Oil Business

Published: 12/21/2020 16:26 GMT
(BKEP) - Blueknight Announces Transformational $162 Million Sale of Crude Oil Business.
Blueknight Energy Partners Lp - Deal Materially Improves Financial Flexibility and Pro Forma Leverage to Approximately 2.0 Times.
Blueknight Energy Partners Lp - Expected to Generate $1.5 Million to $2.5 Million in Additional Annual Corporate Savings.
Blueknight Energy Partners Lp Sees to Reduce Annual Maintenance Capital Expenditures to $5.5 Million to $6.5 Million.