Calumet Announces New Funding Agreement with Stonebriar
Calumet, Inc (CLMT)
Last calumet, inc earnings: 3/5 07:00 am
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US:NASDAQ Investor Relations:
calumetspecialty.investorroom.com
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Source: PR Newswire
INDIANAPOLIS, Oct. 3, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company," "Calumet," "we," "our" or "us") announced today a series of related agreements with Stonebriar Commercial Finance LLC ("Stonebriar").Our restricted subsidiary Calumet Montana Refining, LLC ("CMR") entered into a new agreement with Stonebriar in which CMR sold certain of its assets to Stonebriar for $150 million and leased back the same assets ("CMR Funding Agreement").Our unrestricted subsidiary Montana Renewables, LLC ("MRL") modified its existing agreements with Stonebriar to allow for their early termination ("MRL Amended Agreements").CMR Funding Agreement. The CMR Funding Agreement has closed and CMR received initial proceeds of $110 million, with the remaining $40 million due upon a future Eligible Capital Event (discussed below). Calumet intends to use the proceeds to reduce outstanding borrowings under its revolving credit facility. This transaction carries an approximate 10.75% cost of ca
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News
- Montana Renewables Receives Approval of Excise Tax RegistrationPR Newswire
- Calumet Announces Settlement of its Exchange Offer for any and all of the Outstanding 11.00% Senior Notes due 2025 and Issues Notice of Full Redemption for the Remaining 11.00% Senior Notes due 2025PR Newswire
- Calumet Announces Expiration and Final Results for its Exchange Offer for any and all of the Outstanding 11.00% Senior Notes due 2025PR Newswire
- Calumet to Participate in December 2024 Investor ConferencesPR Newswire
- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
CLMT
Earnings
- 11/8/24 - Miss
CLMT
Sec Filings
- 12/20/24 - Form 4
- 12/5/24 - Form 4
- 12/5/24 - Form 4
- CLMT's page on the SEC website