secwatch.observer — SEC 8-K summary
======================================

Issuer:     Calumet, Inc. /DE (CLMT)
CIK:        0002013745
Form:       8-K
Filed at:   2025-01-14T23:59:59+00:00
Accession:  0001193125-25-005745
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Calumet prelim Q4 net loss $54M-$24M; DOE secures up to $1.44B loan for SAF
---------------------------------------------------------------------------

- Expected Q4 net loss between $54M and $24M; Adjusted EBITDA between $45M and $60M.
- DOE Loan Guarantee of up to $1.44B structured in two tranches: $782M in Jan 2025, $658M delayed draw.
- MaxSAF project targets SAF capacity of ~150M gal/yr within 2 years and ~300M gal/yr within 3-4 years.
- Second tranche funding tied to milestone conditions and subject to administration changes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2013745/000119312525005745/0001193125-25-005745-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2013745/000119312525005745/d910142d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-005745

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