Issuances of Additional Beneficial Unit Certificates

12 Months Ended

Dec. 31, 2017

Issuances Of Additional Beneficial Unit Certificates [Abstract]

Issuances of Additional Beneficial Unit Certificates

22. Issuances of Additional Beneficial Unit Certificates

In November 2016, a Registration Statement on Form S-3 was declared effective by the SEC under which the Partnership may offer up to $225.0 million of additional BUCs from time to time. The Registration Statement will expire in November 2019.

In December 2017, the Partnership initiated an “at the market offering” to sell up to $75.0 million of BUCs at market prices on the date of sale. The Partnership sold 161,383 BUCs under the program for net proceeds of approximately $806,000, net of issuance costs, during the year ended December 31, 2017.