secwatch.observer — SEC 8-K summary
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Issuer:     Calumet, Inc. /DE (CLMT)
CIK:        0002013745
Form:       8-K
Filed at:   2025-01-14T23:59:59+00:00
Accession:  0001193125-25-005866
Event type: debt
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Calumet announces $100M 9.75% notes offering, ATM equity up to $65M; net loss $181M in 9M 2024
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- Offers $100M in 9.75% senior notes due 2028; proceeds to redeem 11% 2026 notes by April 15, 2025.
- Enters ATM equity distribution agreement for up to $65M common stock sales via BMO Capital Markets.
- Nine-month 2024 net loss $181.3M vs net income $96.1M in 2023; operating loss $14.6M vs income $281.1M.
- Long-term debt $1.66B; stockholders' equity -$672.2M as of Sep 30, 2024.
- New notes are a mirror issue to existing $325M 9.75% notes due 2028 with identical terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2013745/000119312525005866/0001193125-25-005866-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2013745/000119312525005866/d875021d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-005866

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