secwatch.observer — SEC 8-K summary
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Issuer:     Calumet, Inc. /DE (CLMT)
CIK:        0002013745
Form:       8-K
Filed at:   2025-01-15T23:59:59+00:00
Accession:  0001193125-25-007079
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2013745/000119312525007079/0001193125-25-007079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2013745/000119312525007079/d892231d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-007079

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