RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:News sum aryYeah, that transaction specifically isn't going to happen.
ALA and KEY have both issued debt in the last week, and they were clear on the call that they disclosed the renewable diesel deal as it stands now so they could pursue discussions about refinancing. There is a mania in the junk market right now and if they could secure some (relatively) low cost debt that would be a boon for DCF generation.
For now all hopes are on Pioneer closing and edging us off the brink