---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-178659"
form_type: "8-K"
ticker: null
cik: "0001340122"
company_name: "Calumet Specialty Products Partners, L.P."
filed_at: "2023-06-29T23:59:59+00:00"
generated_at: "2026-06-13T14:45:10.480753+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Calumet issues $325M 9.75% senior notes due 2028, tenders $121M of 2024/2025 notes

## Summary
- Issued $325M of 9.75% Senior Notes due 2028 at par, net proceeds ~$319.1M after discounts and expenses.
- Used ~$125.5M of proceeds on June 28 to buy back $21M of 9.25% 2024 secured notes and $100M of 11.00% 2025 notes.
- Tendered 2025 notes oversubscribed; accepted only $100M of $183.5M tendered, at ~54.5% proration.
- Plans to redeem remaining 2024 secured notes after July 15, 2023 at par plus accrued interest.
- New notes mature July 15, 2028, with semi-annual interest payments starting Jan 15, 2024.

## SEC filing metadata
- accession: 0001193125-23-178659
- form_type: 8-K
- cik: 0001340122
- company_name: Calumet Specialty Products Partners, L.P.
- filed_at: 2023-06-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1340122/000119312523178659/0001193125-23-178659-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1340122/000119312523178659/d506390d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-178659
- JSON: https://secwatch.observer/filing/0001193125-23-178659.json
- Plain text: https://secwatch.observer/filing/0001193125-23-178659.txt

## Key facts
- Debt Financings
  Calumet Specialty Products Partners, L.P. incurred senior notes of $325.0 million with Wilmington Trust, National Association at 9.75% maturing July 15, 2028.
  - Instrument: senior notes
  - Principal: $325.0 million
  - Counterparty: Wilmington Trust, National Association
  - Rate: 9.75%
  - Maturity: July 15, 2028
  - Event: incurrence
  source text: On June 27, 2023, Calumet Specialty Products Partners, L.P. (the “Partnership”) and Calumet Finance Corp. (“Finance Corp.” and, together with the Partnership, the “Issuers”) issued $325.0 million aggregate principal amount of a new series of the Issuers’ 9.75% Senior Notes due 2028 (the “Notes”) in a private placement conducted pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1340122/000119312523178659/0001193125-23-178659-index.htm
- Material Agreements
  Calumet Specialty Products Partners, L.P. entered into Indenture with Wilmington Trust, National Association valued at $325.0 million (effective 2023-06-27).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Wilmington Trust, National Association
  - Value: $325.0 million
  - Effective: 2023-06-27
  source text: On June 27, 2023, Calumet Specialty Products Partners, L.P. (the “Partnership”) and Calumet Finance Corp. (“Finance Corp.” and, together with the Partnership, the “Issuers”) issued $325.0 million aggregate principal amount of a new series of the Issuers’ 9.75% Senior Notes due 2028 (the “Notes”) in a private placement conducted pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1340122/000119312523178659/0001193125-23-178659-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.