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

Issuer:     Calumet, Inc. /DE (CLMT)
CIK:        0002013745
Form:       8-K
Filed at:   2025-01-16T23:59:59+00:00
Accession:  0001193125-25-007789
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Calumet issues $100M 9.75% senior notes due 2028; proceeds to redeem higher-cost 11% notes
--------------------------------------------------------------------------------

- Issued $100M aggregate of 9.75% Senior Notes due 2028 at 98% of par; net proceeds ~$96.2M.
- Proceeds to redeem portion of outstanding 11.00% Senior Notes due 2026 on or before April 15, 2025.
- Notes mature July 15, 2028; interest semi-annual beginning July 15, 2025.
- Notes guaranteed by Calumet Inc., Calumet GP, and most Partnership subsidiaries.
- Redemption prices: 104.875% in 2025, 102.438% in 2026, 100% thereafter; equity clawback at 109.75%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2013745/000119312525007789/0001193125-25-007789-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2013745/000119312525007789/d847018d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-007789

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