Calumet Specialty Products Partners L.P. (CLMT) announced that it completed the previously announced acquisition of Royal Purple Inc. on July 3, 2012 for aggregate consideration of about $333 million, subject to customary purchase price adjustments.
The Royal Purple Acquisition was financed with the net proceeds of approximately $262 million from the June 2012 issuance of $275 million in aggregate principal amount of Calumet's 9 5/8% senior unsecured notes due 2020 and with cash on hand of approximately $71 million.
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