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Calumet Partners With J. Aron For New Shreveport Supply Offtake, Expands ABL For Enhanced Financial Flexibility

Author: Benzinga Newsdesk | January 24, 2024 02:52am

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) (the "Partnership," "Calumet," "Company," "we," "our" or "us"), announced two financing transaction updates today. These financings replace the Company's previous Supply and Offtake Agreements ("SOA") that provided financing for our Shreveport and Montana Refining facilities.  The Shreveport SOA has been replaced with a new SOA that we entered into with J. Aron on January 17, 2024.  Additionally, we increased the size of our Asset Backed Loan ("ABL") facility to support the inventories previously provided for under the Montana Refining SOA

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