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Calumet Announces Pricing of $405 Million Upsized Private Placement of 9.75% Senior Notes due 2031

  • Calumet, Inc. priced a private placement of $405 million in 9.75% Senior Notes due 2031, upsized from an original $350 million offering.
  • The Notes will mature on February 15, 2031, \& are issued at 98.996% of par value.
  • The Offering is expected to close on January 12, 2026, subject to customary closing conditions.
  • Calumet intends to use net proceeds from the Offering to redeem all outstanding 11.00% Senior Notes due 2026 \& 8.125% Senior Notes due 2027.
  • The securities were offered to qualified institutional buyers under Rule 144A \& non-U.S. persons under Regulation S.
  • The press release does not constitute a formal notice of redemption for the 2026 or 2027 Notes.