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Markets :: Specialty Chemicals :: Lubricants

Calumet Specialty Products finalizes refinancing

10:34 AM MDT | July 15, 2014 | Vincent Valk

Lubricants maker Calumet Specialty Products says it has finalized amendments to its $1-billion revolving credit agreement. The agreement is with a syndicate of banks and matures in June 2019, Calumet says. The deal will increase Calumet’s credit line by $150 million as well as lower rates and increase covenant flexibility. "The amended credit facility provides increased liquidity and flexibility to support the continued growth of the partnership as we seek to become one of the most integrated producers of specialty products in North America,”...

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