Calumet Specialty Products ( (CLMT) ) has shared an update.
On February 18, 2025, Montana Renewables, LLC, a subsidiary of Calumet, Inc., terminated several financing agreements following the funding of the first tranche of a $1.44 billion loan guarantee from the U.S. Department of Energy. The termination of these agreements allowed MRL to repurchase key assets and repay outstanding loans, thereby streamlining its financial structure and potentially enhancing its operational efficiency.
More about Calumet Specialty Products
Calumet Specialty Products is involved in the renewable energy industry through its subsidiary, Montana Renewables, LLC (MRL). The company focuses on producing renewable diesel and related products, and it is actively engaged in financial restructuring to support its operations.
YTD Price Performance: -31.48%
Average Trading Volume: 1,148,321
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.28B
For detailed information about CLMT stock, go to TipRanks’ Stock Analysis page.