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Calumet Announces $150 Million Private Placement of Additional 9.75% Senior Notes due 2031
INDIANAPOLIS, March 12, 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, March 12, 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\"), $150 million in aggregate principal amount of 9.75% Senior Notes due 2031 (the \"Additional Notes\"). Calumet intends to use the net proceeds from the Offering to repay outstanding borrowings under Calumet's revolving credit facility.\nThe Additional Notes will constitute a further issuance of the Issuers' 9.75% Senior Notes due 2031, of which $405 million in aggregate principal amount were issued on January 12, 2026 (the \"Existing Notes\"). The Additional Notes will form a single series with, and have the same terms (other than the initial offering price) as, the Existing Notes.The securities to be offered will not be, and have not been, registered under the Securities Act, or any state securities laws, and unless so registered, the securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Calumet plans to offer and sell the securities only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act.This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any of these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.About CalumetCalumet, Inc. (NASDAQ: CLMT) manufactures, formulates and markets a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets. Calumet is headquartered in...