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Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) (the "Partnership," "Calumet," "Company," "we," "our" or "us"), today announced that Montana Renewables LLC ("MRL") has entered into a Supply and Offtake Agreement ("S&O Agreement") with Wells Fargo. This Agreement replaces MRL's previous inventory financing agreement with Macquarie. The S&O Agreement streamlines the administration of MRL's inventory financing process, provides increased inventory advance rates, and has a three-year term.
Further information related to the agreement can be found on Form 8-K filed with the U.S. Securities and Exchange Commission.
Posted In: CLMT
