BETHESDA, Md.–(BUSINESS WIRE)–Enviva Partners, LP (NYSE: EVA) (the “Partnership” or “we”) today
announced that, subject to market conditions, it intends to offer, with
its wholly-owned subsidiary Enviva Partners Finance Corp., $300 million
in aggregate principal amount of senior unsecured notes due 2021 in a
private placement to eligible purchasers.

The gross proceeds from the offering will be deposited into an escrow
account pending completion of the proposed acquisition of the entity
which owns a wood pellet production plant in Sampson County, North
Carolina, a ten-year, 420,000 metric ton per year (“MTPY”) off-take
contract with an affiliate of DONG Energy, a 15-year 95,000 MTPY
off-take contract with a joint venture between our sponsor and
affiliates of John Hancock Life Insurance Company, and a third-party
shipping contract (collectively, the “Sampson Acquisition”).

If the Sampson Acquisition is completed, we expect to use a portion of
the net proceeds from the offering, together with cash on hand and net
proceeds or other consideration from any issuances of additional equity,
to fund the consideration payable by us in connection with the Sampson
Acquisition. The remainder of the net proceeds from the offering will be
used to repay certain outstanding term loan indebtedness under our
credit facilities. We are considering the issuance of up to
approximately $30 million of equity in connection with the Sampson
Acquisition, potentially under our existing at-the-market equity
offering, as partial consideration for the Sampson Acquisition, or by
other methods. Any such offering will be subject to market conditions
and may not be consummated in advance of the Sampson Acquisition or at
all. This offering of the notes, and the release of the proceeds from
escrow in connection with the closing of the Transactions, is not
conditioned on any such equity offering.

Although we expect to enter into a definitive agreement in respect of
the Sampson Acquisition, there can be no assurance that the Sampson
Acquisition will be completed. If the Sampson Acquisition is not
completed on or prior to January 31, 2017, or if we earlier determine
that the escrow release conditions will not be met on or prior to
January 31, 2017, the notes will be subject to special mandatory
redemption at a redemption price payable in cash equal to 100.0% of the
initial issue price of the notes, plus accrued and unpaid interest to
the mandatory redemption date.

The notes have not been registered under the Securities Act of 1933, as
amended (the “Securities Act”), or under the securities laws of any
other jurisdiction. Unless they are registered, the notes may be offered
only in transactions that are exempt from registration under the
Securities Act and applicable state securities laws. The notes are
offered only to qualified institutional buyers under Rule 144A and to
persons outside the United States under Regulation S of the Securities
Act. The notes will not be listed on any securities exchange or
automated quotation system.

This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein, nor
shall there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. The offering may be made only by means of an offering
memorandum.

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 in Southampton
County, Virginia; Northampton County and Ahoskie, North Carolina; Amory
and Wiggins, Mississippi; and Cottondale, Florida. We have a combined
production capacity of approximately 2.3 million metric tons of wood
pellets per year. In addition, the Partnership owns a deep-water marine
terminal at the Port of Chesapeake, Virginia, which is used to export
wood pellets. Enviva Partners also exports pellets through the ports of
Mobile, Alabama and Panama City, Florida.

Cautionary Note Concerning Forward-Looking Statements

Certain statements and information in this press release, including
those concerning our future results of operations, acquisition
opportunities, and distributions, 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 the Partnership’s current expectations and beliefs
concerning future developments and their potential effect on the
Partnership. Although management believes that these forward-looking
statements are reasonable when made, there can be no assurance that
future developments affecting the Partnership will be those that it
anticipates. The forward-looking statements involve significant risks
and uncertainties (some of which are beyond the Partnership’s control)
and assumptions that could cause actual results to differ materially
from the Partnership’s historical experience and its present
expectations or projections. Important factors that could cause actual
results to differ materially from forward-looking statements include,
but are not limited to: (i) the amount of products that the Partnership
is able to produce, which could be adversely affected by, among other
things, operating difficulties; (ii) the volume of products that the
Partnership is able to sell; (iii) the price at which the Partnership is
able to sell products; (iv) changes in the price and availability of
natural gas, coal, or other sources of energy; (v) changes in prevailing
economic conditions; (vi) our ability to successfully negotiate and
complete the acquisition of the Sampson plant and associated contracts
(the “Sampson Acquisition”), integrate the Sampson plant into our
existing operations, and realize the anticipated benefits of the Sampson
Acquisition; (vii) the Partnership’s ability to complete acquisitions,
including acquisitions from its sponsor; (viii) unanticipated ground,
grade, or water conditions; (ix) inclement or hazardous weather
conditions, including extreme precipitation, temperatures, and flooding;
(x) environmental hazards; (xi) fires, explosions, or other accidents;
(xii) changes in domestic and foreign laws and regulations (or the
interpretation thereof) related to renewable or low-carbon energy, the
forestry products industry, or power generators; (xiii) inability to
acquire or maintain necessary permits; (xiv) inability to obtain
necessary production equipment or replacement parts; (xv) technical
difficulties or failures; (xvi) labor disputes; (xvii) late delivery of
raw materials; (xviii) inability of the Partnership’s customers to take
delivery or their rejection of delivery of products; (xix) failure of
the Partnership’s customers to pay or perform their contractual
obligations to the Partnership; (xx) changes in the price and
availability of transportation; and (xxi) the Partnership’s ability to
borrow funds and access capital markets.

For additional information regarding known material factors that could
cause the Partnership’s actual results to differ from projected results,
please read its filings with the Securities and Exchange Commission (the
“SEC”), including the Annual Report on Form 10-K and the Quarterly
Reports on Form 10-Q most recently filed with the SEC. Readers are
cautioned not to place undue reliance on forward-looking statements,
which speak only as of the date thereof. The Partnership undertakes no
obligation to publicly update or revise any forward-looking statements
after the date they are made, whether as a result of new information,
future events, or otherwise.