secwatch / observer
8-K filed March 12, 2024, 7:59 PM ET CIK 0001340122
debt confidence high sentiment positive materiality 0.70

Calumet Specialty Products Partners, L.P.: debt financing — Calumet completes $200M notes offering; redeems 2024 secured notes and $50M of 2025 senior notes

Calumet Specialty Products Partners, L.P.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Calumet Specialty Products Partners, L.P. incurred senior notes of $200.0 million aggregate principal amount with Wilmington Trust, National Association at 9.25% maturing July 15, 2029.

Instrument
senior notes
Principal
$200.0 million aggregate principal amount
Counterparty
Wilmington Trust, National Association
Rate
9.25%
Maturity
July 15, 2029
Event
incurrence
Exact text from the filing
On March 7, 2024, Calumet Specialty Products Partners, L.P. (the “Partnership”) and Calumet Finance Corp. (“Finance Corp.” and, together with the Partnership, the “Issuers”) issued $200.0 million aggregate principal amount of a new series of the Issuers’ 9.25% Senior Secured First Lien Notes due 2029 (the “Notes”)
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Calumet Specialty Products Partners, L.P. amended Amendment with Wilmington Trust, National Association (effective 2024-03-08).

Action
amendment
Agreement
credit facility
Counterparty
Wilmington Trust, National Association
Effective
2024-03-08
Exact text from the filing
In connection with the issuance of the Notes, on March 8, 2024, the Issuers and the guarantors under the Indenture (other than Calumet Montana Refining, LLC) entered into an amendment (the “Amendment”) to (i) the Amended and Restated Collateral Trust Agreement (the “Collateral Trust Agreement”) with Wilmington Trust, National Association, as collateral trustee (in such capacity, the “Collateral Trustee”), the Trustee and the representatives of certain other holders of Parity Lien Obligations (as defined in the Collateral Trust Agreement) and (ii) the Second Amended and Restated Security and Pledge Agreement with the Collateral Trustee.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Calumet Specialty Products Partners, L.P. entered into Indenture with Wilmington Trust, National Association valued at $200.0 million aggregate principal amount (effective 2024-03-07).

Action
entry
Agreement
notes offering
Counterparty
Wilmington Trust, National Association
Value
$200.0 million aggregate principal amount
Effective
2024-03-07
Exact text from the filing
On March 7, 2024, Calumet Specialty Products Partners, L.P. (the “Partnership”) and Calumet Finance Corp. (“Finance Corp.” and, together with the Partnership, the “Issuers”) issued $200.0 million aggregate principal amount of a new series of the Issuers’ 9.25% Senior Secured First Lien Notes due 2029 (the “Notes”) in a private placement transaction in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”).
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Source: SEC EDGAR
accession 0001193125-24-066043
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