Stonebriar /
Montana Renewables
Stonebriar to Purchase Montana Renewables Equipment
- Price
- $250.0m
- Stage
- Agreement signed
What happened
Stonebriar Commercial Finance LLC will purchase a hydrocracker and related equipment from Montana Renewables, LLC for $250.0 million, then lease the equipment back to Montana Renewables.
The equipment is intended to produce renewable diesel and related products. The sale-leaseback proceeds were used to discharge obligations and for general company purposes.
The source
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Stonebriar to Purchase Montana Renewables Equipment
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