Calumet announces new funding agreement with stonebriar

Indianapolis , oct. 3, 2024 /prnewswire/ -- calumet, inc. (nasdaq: clmt) (the "company," "calumet," "we," "our" or "us") announced today a series of related agreements with stonebriar commercial finance llc ("stonebriar"). our restricted subsidiary calumet montana refining, llc ("cmr") entered into a new agreement with stonebriar in which cmr sold certain of its assets to stonebriar for $150 million and leased back the same assets ("cmr funding agreement").
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