Calumet Extends Senior Secured Revolving Credit Facility to January 2031

Core Viewpoint - Calumet, Inc. has amended its asset-based loan facility, extending the maturity date to January 2031 and increasing total commitments to $500 million, enhancing its financial flexibility [1][2]. Group 1: Financial Update - The amended revolving credit facility extends the overall debt maturity profile and optimizes the borrowing base capacity following the divestiture of the industrial portion of the Royal Purple® business [2]. - The facility is led by Bank of America, N.A., acting as the agent for a group of lenders [1]. Group 2: Company Overview - Calumet, Inc. manufactures, formulates, and markets a diverse range of specialty branded products and renewable fuels for various consumer-facing and industrial markets [3]. - The company is headquartered in Indianapolis, Indiana, and operates twelve facilities across North America [3].