Calumet Inc. has completed an upsized private placement of $405 million in aggregate principal amount of 9.75% Senior Notes due 2031. The notes were issued at 98.996% of par, resulting in approximately $393 million in net proceeds after deducting discounts and offering expenses. The offering was increased from its original size of $350 million due to strong investor demand. Calumet plans to use the proceeds, along with cash on hand and borrowings under its revolving credit facility, to redeem all outstanding 11.00% Senior Notes due 2026 and 8.125% Senior Notes due 2027.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Calumet Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: DE60703) on January 12, 2026, and is solely responsible for the information contained therein.
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