Calumet (CLMT) said Friday that about $354.4 million of 11% senior notes due 2025 were validly tendered in its private exchange offer for newly issued 11% senior notes due 2026.
The tendered amount represents about 97.5% of the outstanding old notes, according to the company.
Settlement for the exchange offer, which expired Thursday, is expected to occur on or about Monday, Calumet said.
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