Calumet Specialty Products Partners, L.P. Announces Strategic Divestiture of San Antonio Refinery and Related Assets
Calumet, Inc (CLMT)
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Source: PR Newswire
INDIANAPOLIS, Nov. 11, 2019 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), a leading independent producer of specialty hydrocarbon and fuels products, today announced that it has closed on the sale of its San Antonio, Texas refinery and related assets including a crude oil terminal and pipeline to Starlight Relativity Acquisition Company LLC ("Starlight") with an effective date of November 1, 2019. Starlight agreed to pay $63 million in cash for the plant, property and equipment, plus adjustments for net working capital, inventories and post-closing amounts. In a related transaction, Calumet entered into a Settlement and Release Agreement with TexStar Midstream Logistics, L.P. ("TexStar") settling all outstanding litigation between the two parties which will result in the release of a $38 million balance sheet liability. Transaction Highlights:$63 million sale price plus net working capital and inventorie
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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