secwatch.observer — SEC 8-K summary
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Issuer:     Calumet, Inc. /DE (CLMT)
CIK:        0002013745
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001193125-24-251707
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Calumet exchanges ~97.5% of 2025 notes for new 11% notes due 2026
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- $354.4M of $363.5M outstanding 11% notes due 2025 tendered (97.5% participation).
- Early exchangers receive $1,000 principal of new 11% notes due April 2026 per $1,000 old notes.
- Base exchange consideration of $950 per $1,000; early premium adds $50 per $1,000.
- Exchange offer expires Nov 21, 2024; settlement expected Nov 25, 2024.
- New notes rank equal with existing senior debt; redeemable at 101% par until May 15, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2013745/000119312524251707/0001193125-24-251707-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2013745/000119312524251707/d894722d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-251707

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer