{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-066043","form_type":"8-K","ticker":null,"cik":"0001340122","company_name":"Calumet Specialty Products Partners, L.P.","filed_at":"2024-03-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.872427+00:00","generated_at":"2026-06-04T22:57:17.742619+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Calumet completes $200M notes offering; redeems 2024 secured notes and $50M of 2025 senior notes","bullets":["Issued $200M of 9.25% Senior Secured First Lien Notes due 2029 at par.","Proceeds used to redeem all outstanding 9.25% Senior Secured First Lien Notes due 2024.","Additionally, $50M of outstanding 11.00% Senior Notes due 2025 will be redeemed with remaining proceeds and cash on hand.","CEO states offering extends near-term maturities, reduces total interest expense, adds flexibility for deleveraging.","Notes mature July 2029; interest payable semi-annually starting July 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-066043","json":"https://secwatch.observer/filing/0001193125-24-066043.json","markdown":"https://secwatch.observer/filing/0001193125-24-066043.md","text":"https://secwatch.observer/filing/0001193125-24-066043.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1340122/000119312524066043/0001193125-24-066043-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1340122/000119312524066043/d766701d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T22:57:17.742619+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a056fca5c8e51df0fb2d163be3fbec1411c3733a","claim":"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.","evidence_excerpt":"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”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1340122/000119312524066043/0001193125-24-066043-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$200.0 million aggregate principal amount"},{"label":"Counterparty","value":"Wilmington Trust, National Association"},{"label":"Rate","value":"9.25%"},{"label":"Maturity","value":"July 15, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"1b25d175f9a12c957db3a402e91beb7b6f49f04c","claim":"Calumet Specialty Products Partners, L.P. amended Amendment with Wilmington Trust, National Association (effective 2024-03-08).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1340122/000119312524066043/0001193125-24-066043-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wilmington Trust, National Association"},{"label":"Effective","value":"2024-03-08"}],"fact_type":"material_agreement"},{"claim_id":"c464b96b6ff11590d984929895788c8e3df7c1cd","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1340122/000119312524066043/0001193125-24-066043-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Wilmington Trust, National Association"},{"label":"Value","value":"$200.0 million aggregate principal amount"},{"label":"Effective","value":"2024-03-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}