---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-241131"
form_type: "8-K"
ticker: "CLMT"
cik: "0002013745"
company_name: "Calumet, Inc. /DE"
filed_at: "2024-10-22T23:59:59+00:00"
generated_at: "2026-05-30T11:52:17.702399+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Calumet unit Montana Renewables gets $1.44B conditional DOE loan for SAF expansion

## Summary
- DOE Loan Programs Office conditional commitment for up to $1.44B to expand Montana Renewables SAF capacity.
- Expansion adds 300 million gallons/year SAF; MRL to become one of the largest SAF producers globally.
- First tranche ~$778M expected to close Q4 2024; remaining via delayed draw facility through 2028.
- 15-year loan at Treasury rate + 0.375%; principal and interest deferred until MaxSAF project commissioned.
- $150M equity investment at closing; 55/45 debt-to-equity ratio maintained during construction.

## SEC filing metadata
- accession: 0001193125-24-241131
- form_type: 8-K
- ticker: CLMT
- cik: 0002013745
- company_name: Calumet, Inc. /DE
- filed_at: 2024-10-22T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2013745/000119312524241131/0001193125-24-241131-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2013745/000119312524241131/d852121d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-241131
- JSON: https://secwatch.observer/filing/0001193125-24-241131.json
- Plain text: https://secwatch.observer/filing/0001193125-24-241131.txt

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