Calumet closes USD 150 million 9.75% senior notes due 2031 offering

Reuters04:51

Calumet closes USD 150 million 9.75% senior notes due 2031 offering

Calumet said its subsidiaries closed a private placement of USD 150 million of 9.75% senior notes due 2031. The notes were issued at 105% of par and generated net proceeds of about USD 154.9 million. Calumet said it plans to use the proceeds to repay outstanding borrowings under its revolving credit facility. The issuance is an add-on to USD 405 million of 9.75% senior notes due 2031 issued in January, bringing total notes issued in the series to USD 555 million.

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: 202603171650PR_NEWS_USPR_____DE12674) on March 17, 2026, and is solely responsible for the information contained therein.

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