Calumet Announces $350 Million Private Placement of Senior Notes due 2031 and Issues Notices of Conditional Redemption for All of the Outstanding 11.00% Senior Notes due 2026 and $275 Million of the Outstanding 8.125% Senior Notes due 2027

Core Viewpoint - Calumet, Inc. plans to offer $350 million in senior unsecured notes due 2031 to redeem existing senior notes due 2026 and 2027, contingent on market conditions and the completion of a minimum offering of $325 million in senior debt securities [1][2]. Group 1: Offering Details - The offering will be conducted as a private placement under Rule 144A and Regulation S of the Securities Act of 1933 [1][3]. - The net proceeds from the offering, along with cash on hand and borrowings, will be used to redeem all outstanding 11.00% Senior Notes due 2026 and $275 million of 8.125% Senior Notes due 2027 [1][2]. Group 2: Redemption Conditions - Notices of conditional redemption have been delivered for all outstanding 2026 Notes and $275 million of 2027 Notes, with redemption prices at par plus accrued interest [2]. - The redemption dates are set for January 21, 2026, for the 2026 Notes and January 16, 2026, for the 2027 Notes, contingent upon the completion of the offering [2]. Group 3: Company Overview - Calumet, Inc. manufactures and markets a diverse range of specialty branded products and renewable fuels across various consumer and industrial markets [5]. - The company is headquartered in Indianapolis, Indiana, and operates twelve facilities throughout North America [5].