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
Related Questions
Does the involvement of Eldridge Diversified Credit suggest a shift toward more asset‑backed financing for Calmet?
What is the term length and interest/lease rate of the renewed facility compared to the previous agreement?
How does this transaction compare to similar lease arrangements in the oil & gas terminal sector?
How might this transaction influence analyst coverage and target price revisions for CLMT?
How will the $120 million terminal lease valuation affect Calmet's debt-to-equity and leverage ratios?
Is the market pricing in the $120 million lease renewal already, or is there still upside potential for CLMT stock?
What is the expected impact of receiving $80 million in net proceeds on Calmet's balance sheet and cash flow?
What potential risks exist if the terminal assets underperform or the lease is terminated early?
Will the $80M influx be allocated to specific projects or general corporate purposes, and how will that affect future cash‑flow forecasts?
Will the reduction of outstanding obligations from the $80M proceeds materially boost upcoming quarterly earnings?
Will the upsized lease facility improve Calmet's liquidity or credit rating?