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Calumet Announces $350 Million Private Placement of Senior Notes due 2031 and Issues Notices of Conditional Redemption for All of the Outstanding 11.00% Senior Notes due 2026 and $275 Million of the Outstanding 8.125% Senior Notes due 2027
INDIANAPOLIS, Jan. 6, 2026 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company" or "Calumet") today announced that, subject to market conditions, its
About this update from Calumet, Inc
[{"type":"text","content":"INDIANAPOLIS, Jan. 6, 2026 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the \"Company\" or \"Calumet\") today announced that, subject to market conditions, its wholly owned subsidiaries, Calumet Specialty Products Partners, L.P. (the \"Partnership\") and Calumet Finance Corp. (together with the Partnership, the \"Issuers\"), intend to offer (the \"Offering\") for sale to eligible purchasers in a private placement under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the \"Securities Act\"), $350 million in aggregate principal amount of senior unsecured notes due 2031. Calumet intends to use all of the net proceeds from the Offering, together with cash on hand and borrowings under its revolving credit facility, to redeem all of the Issuers' outstanding 11.00% Senior Notes due 2026 (the \"2026 Notes\") and $275 million aggregate principal amount of the Issuers' outstanding 8.125% Senior Notes due 2027 (the \"2027 Notes\") (collectively, the \"Redemptions\").\nCalumet also announced today that the Issuers have delivered notices of conditional redemption for (i) all of the outstanding 2026 Notes and (ii) $275 million aggregate principal amount of the outstanding 2027 Notes, in each case, at a redemption price of par, plus accrued and unpaid interest to but not including the applicable redemption date. The redemption date for the 2026 Notes and the 2027 Notes provided in the applicable notice of conditional redemption is January 21, 2026 and January 16, 2026, respectively. The Issuers' obligation to redeem the 2026 Notes and the 2027 Notes is conditioned upon, on or before January 21, 2026 with respect to the 2026 Notes and January 16, 2026 with respect to the 2027 Notes, the completion of an offering of at least $325 million aggregate principal amount of the Issuers' senior debt securities. Calumet will publicly announce and notify the holders of the 2026 Notes, the holders of the 2027 Notes and the Trustee (as defined below) if the foregoing condition is not satisfied, whereupon the Redemptions will be revoked and all of the 2026 Notes and the 2027 Notes will remain outstanding. Wilmington Trust, National Association is the trustee (the \"Trustee\") for the 2026 Notes and the 2027 Notes and is serving as the paying agent for the Redemptions.The securities to be offered will not be, and have not been, regis...