Eldridge closes $120 million lease with calumet

New york--(business wire)--eldridge diversified credit, the private, liquid, and asset-based credit investment strategy of eldridge capital management (“eldridge”), has announced the renewal and upsizing of its shreveport, la terminal lease facility with calumet, inc. (nasdaq: clmt) (“calumet” or the “company”). this transaction increases the assigned value of the subject terminal assets to $120 million and provides $80 million of net proceeds to calumet to be used to reduce the company's outst.
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