BETHESDA, Md.–(BUSINESS WIRE)–Enviva Partners, LP (NYSE: EVA) (the “Partnership” or “we”) announced
that it has amended and restated its senior secured credit facility.

The amended and restated senior secured credit facility (the “Amended &
Restated Credit Facility”) extends the maturity to October 2023 from
April 2020, increases the revolving credit facility to $350 million from
$100 million, reduces the applicable interest rate margin, and includes
other improved terms as compared to the prior credit facility. The
applicable interest rate margin in the Amended & Restated Credit
Facility is determined according to a total leverage ratio-based pricing
grid, which for a Eurodollar revolving credit borrowing is 2.50% based
on the current level of leverage as compared to 4.25% under the prior
credit facility.

A portion of the proceeds of the revolving borrowings under the upsized
Amended & Restated Credit Facility on the closing date was used to repay
all of the $41.2 million of outstanding term loans under the prior
credit facility. Future borrowings under the Amended & Restated Credit
Facility will be used to support the Partnership’s strategic growth
initiatives, drop-down acquisitions, and for general partnership
purposes. The transaction closed on October 18, 2018.

“With the support of our existing bank group and new partners, we have
taken a significant step toward reducing Enviva’s cost of capital and
increasing our financial flexibility, while maintaining conservative
financial policies and leverage,” said Shai Even, Executive Vice
President and Chief Financial Officer. “The amended terms of the credit
agreement recognize the increased scale, diversification, and tremendous
market opportunities Enviva enjoys and the expanded revolver will be an
important tool for us to fund the accelerating growth anticipated by the
Partnership over the next several years.”

Barclays is Administrative Agent and Collateral Agent on the Amended &
Restated Credit Facility and, together with Bank of Montreal, Citigroup
Global Markets Inc., Goldman Sachs Bank USA, HSBC Bank USA, N.A.,
JPMorgan Chase Bank, N.A., and RBC Capital Markets, acted as Joint
Bookrunner, Joint Lead Arranger, and Co-Documentation Agent. AgFirst
Farm Credit Bank and American AgCredit, PCA acted as Joint Bookrunner,
Joint Lead Arranger, and Co-Syndication Agent.

About Enviva Partners, LP

Enviva Partners, LP (NYSE: EVA) is a publicly traded master limited
partnership that aggregates a natural resource, wood fiber, and
processes it into a transportable form, wood pellets. The Partnership
sells a significant majority of its wood pellets through long-term,
take-or-pay agreements with creditworthy customers in the United Kingdom
and Europe. The Partnership owns and operates six plants with a combined
production capacity of nearly three million metric tons of wood pellets
per year in Virginia, North Carolina, Mississippi, and Florida. In
addition, the Partnership exports wood pellets through its owned marine
terminal assets at the Port of Chesapeake, Virginia, and the Port of
Wilmington, North Carolina and from third-party marine terminals in
Mobile, Alabama and Panama City, Florida.

To learn more about Enviva Partners, LP, please visit our website at www.envivabiomass.com.

Cautionary Note Concerning Forward-Looking Statements

Certain statements and information in this press release, including
those concerning our expectation of market and growth opportunities and
future borrowing availability under the Amended & Restated Credit
Facility, may constitute “forward-looking statements.” The words
“believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,”
“should,” “would,” “could,” or other similar expressions are intended to
identify forward-looking statements, which are generally not historical
in nature. These forward-looking statements are based on our current
expectations and beliefs concerning future developments and their
potential effects. Although management believes that these
forward-looking statements are reasonable when made, there can be no
assurance that future developments will be those that management
anticipates. These forward-looking statements involve significant risks
and uncertainties (some of which are beyond our control) and assumptions
that could cause actual results to differ materially from our historical
experience and our present expectations or projections.