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Issuances of Beneficial Unit Certificates
12 Months Ended
Dec. 31, 2022
Issuances Of Beneficial Unit Certificates [Abstract]  
Issuances of Beneficial Unit Certificates

20. Issuances of Beneficial Unit Certificates

In December 2022, the Partnership’s Registration Statement on Form S-3 (“Registration Statement”) was declared effective by the SEC under which the Partnership may offer up to $300.0 million of additional BUCs, Preferred Units or debt securities for sale from time to time. The Registration Statement will expire in December 2025.

In July 2021, the Partnership entered into a Capital on DemandTM Sales Agreement to offer and sell, from time to time at market prices on the date of sale, BUCs up to an aggregate offering price of $30.0 million via an “at the market offering.” The Partnership had not sold any BUCs under this program as of December 31, 2022.

In September 2021, the Partnership completed an underwritten public offering of 5,462,500 BUCs. The offering resulted in net cash proceeds of approximately $31.2 million for the Partnership, after the payment of underwriting discounts, commissions and offering expenses.