RCOLIN 8 12/01/18, RCOLIN 8 ¼ 01/15/21, RCOLIN 8 ½ 01/15/21

Rain CII Carbon

Credit, Industrial/Transportation


Public companies mentioned herein: Rain Industries

Highlights

Rain Carbon is owned by Rain Industries, an Indian company. The company processes leftover residuals from oil and coal, which is then used in a range of applications including aluminum smelting as well as the manufacture of various specialty chemicals. Additionally, the company a couple of years ago acquired Rutgers, a European firm that converts met coal waste into a pitch used in applications including adhesives and resins. The presenter is long Rain Carbon’s debt on the thesis that the company is likely to refinance its entire capital structure within the next year.

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Idea Discussion

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