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|Calumet Specialty Products Partners, L.P. Announces Agreement to Acquire Montana Refining Company, Inc. from Connacher Oil and Gas Limited for $120 Million|
Montana Refining owns and operates a refinery in
Highlights of the Refinery include:
"Calumet is pleased to add the
Calumet intends to finance the Montana Refining Acquisition through a combination of cash on hand and borrowings under its senior secured revolving credit facility. Calumet's obligation to consummate the Montana Refining Acquisition is not conditioned upon the receipt of financing.
About the Partnership
Calumet is a master limited partnership and is a leading independent producer of high-quality, specialty hydrocarbon products in
Cautionary Statement Regarding Forward-Looking Statements
Certain statements and information in this press release may constitute "forward-looking statements." The words "may," "intend," "believe," "expect," "anticipate," "estimate," "continue" or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements include, without limitation, Calumet's expectations with respect to timing of the completion of the proposed Montana Refining Acquisition; Calumet's post-Montana Refining Acquisition plans, objectives, expectations and intentions with respect to future operations; and the conditions to the closing of the Montana Refining Acquisition. These forward-looking statements are based on Calumet's current expectations and beliefs concerning future developments and their potential effect on Calumet. While Calumet believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting Calumet will be those that Calumet anticipates. All subsequent written and oral forward-looking statements concerning Calumet, Montana Refining, the proposed transaction or other matters and attributable to Calumet, Montana Refining or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. Calumet undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.
Jennifer Straumins, +1-317-328-5660, firstname.lastname@example.org