Calumet Completes Offering of $150 Million of Additional 9.75% Senior Notes due 2031

Core Viewpoint - Calumet, Inc. has successfully completed a private placement of $150 million in additional 9.75% Senior Notes due 2031, aimed at enhancing liquidity and reducing outstanding borrowings [1][2][3] Group 1: Offering Details - The additional notes were issued at 105% of par, resulting in net proceeds of approximately $154.9 million after deducting expenses [1] - This issuance is a continuation of the existing 9.75% Senior Notes, with a total of $405 million already issued on January 12, 2026 [2] Group 2: Use of Proceeds - The net proceeds from the offering will be used to repay outstanding borrowings under the company's revolving credit facility [2] - The transaction is expected to provide flexibility in a volatile commodity environment and may also be used to reduce 2028 notes when the call premium decreases in July [3] 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 [4]