Brief: Calumet Specialty Products Announces Strategic Transactions In Renewable Diesel Business

Calumet

19/11/2021 12:56

Nov 19 (Reuters) - Calumet Specialty Products Partners LP
 CLMT.O :
    * CALUMET SPECIALTY PRODUCTS PARTNERS, L.P. ANNOUNCES
STRATEGIC
TRANSACTIONS IN ITS RENEWABLE DIESEL BUSINESS
    * CALUMET SPECIALTY -MONTANA RENEWABLES LLC CARVED OUT AS
UNRESTRICTED PURE-PLAY RENEWABLES SUBSIDIARY AND HAS PURCHASED
CALUMET'S EXISTING HYDROCRACKER
    * CALUMET SPECIALTY PRODUCTS - MRL HAS CLOSED ON A $300
MILLION
CONVERTIBLE DEBT INVESTMENT FROM FUNDS MANAGED BY OAKTREE
CAPITAL MANAGEMENT, L.P.
    * CALUMET SPECIALTY PRODUCTS PARTNERS LP - MRL HAS ALSO
CLOSED ON
A $145 MILLION PREFERRED EQUITY INVESTMENT BY CALUMET
    * CALUMET SPECIALTY PRODUCTS PARTNERS LP - CALUMET OWNS 100%
OF
EQUITY OF MRL

Source text for Eikon:  ID:nPn11zhpva 
Further company coverage:  CLMT.O 

 ((Reuters.Briefs@thomsonreuters.com;))