debt
confidence high
sentiment neutral
materiality 0.30
Calumet enters Fifth Amendment to Credit Agreement and Omnibus Amendment after conversion
Calumet, Inc. /DE
- Fifth Amendment adds Calumet, Inc. and Calumet GP as borrowers and grantors of security interests.
- Company designated successor Borrower Agent under the Credit Agreement; CDOR replaced with Term CORRA for CAD loans.
- Omnibus Amendment adds Calumet, Inc. as party and guarantor under the Monetization Agreement with J. Aron & Company.
- Both amendments effective July 10, 2024 in connection with the partnership-to-corporation conversion.
- Full texts to be filed with Q3 2024 10-Q; no new principal amounts or rates disclosed.