Brief: Calumet Announces Series Of Transactions At Montana Renewables

Calumet

05/08/2022 14:53

Aug 5 (Reuters) - 
    * CALUMET ANNOUNCES SERIES OF TRANSACTIONS AT MONTANA
RENEWABLES
    * CALUMET SPECIALTY PRODUCTS PARTNERS LP - WARBURG PINCUS
INVESTMENT VALUES MRL AT $2.25 BILLION
    * CALUMET SPECIALTY PRODUCTS PARTNERS - IN CONNECTION WITH
INVESTMENT, WARBURG PINCUS WILL HAVE A REPRESENTATIVE ON MRL'S
FOUR-MEMBER BOARD OF MANAGERS
    * CALUMET SPECIALTY PRODUCTS PARTNERS LP - CONCURRENT WITH
TRANSACTIONS, $300 MILLION CONVERTIBLE INVESTMENT FROM OAKTREE
CAPITAL IN MRL HAS BEEN RETIRED
    * CALUMET SPECIALTY PRODUCTS - STONEBRIAR INVESTED
ADDITIONAL $350
MILLION THROUGH PAIR OF SALE, LEASEBACK CONTRACTS ON EXISTING
$50 MILLION COMMITMENT TO MRL

Source text for Eikon:  ID:nPnl48VQa 
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