RUDDY GREGORY ADVISES VERTEX ENERGY ON SUCCESSFUL DEAL - 01 April 2022

Ruddy Gregory is pleased to announce that advised refining company Vertex Energy, Inc. (NASDAQ: VTRN) on a major transaction completed on April 1, 2022, and being the completion of the acquisition of the Mobile, Alabama refinery and related marine terminal and logistics assets from Equilon Enterprises LLC d/b/a Shell Oil Products US (“Shell”), Shell UA, Inc. and Shell Chemical LP. At closing, Vertex acquired approximately $165 million in hydrocarbon inventory from Shell that was financed through an intermediation agreement arranged by Vertex.

In conjunction with the financing of the transaction, Vertex closed on a previously announced $125 million senior secured term loan with a syndicate of lenders. To help manage the inventory and working capital requirements of the transaction, Vertex secured a physical crude oil, feedstock, and products Supply and Offtake Agreement (“SOA”) with Macquarie Commodities and Global Markets (“Macquarie”), concurrent with the closing of the transaction.