Calumet prices $100M private placement of 9.75% notes to redeem higher-cost 11% notes

Calumet, Inc. /DE

$100M aggregate principal of 9.75% Senior Notes due 2028 priced at 98% of par; net proceeds ~$96.2M.
Proceeds will be used to redeem a portion of outstanding 11.00% Senior Notes due 2026 by April 15, 2025.
New notes are a mirror issue to existing $325M 9.75% Senior Notes due 2028, under a separate indenture.
Offering expected to close January 16, 2025, subject to customary conditions.

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