secwatch.observer — SEC 8-K summary
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Issuer:     Calumet, Inc. /DE (CLMT)
CIK:        0002013745
Form:       8-K
Filed at:   2026-01-06T23:59:59+00:00
Accession:  0001193125-26-003479
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Calumet plans $350M private placement of senior notes due 2031; to redeem 11% 2026 notes and $275M of 8.125% 2027 notes
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- Offering $350M senior unsecured notes due 2031; proceeds plus cash/borrowings to redeem all 11% 2026 notes and $275M of 8.125% 2027 notes.
- Conditional redemption notices sent: 2026 notes redeemed Jan 21, 2026; $275M of 2027 notes redeemed Jan 16, 2026, contingent on $325M+ offering.
- Company reduced total indebtedness by $220M in 2025; expects $100M in company-wide cost reductions for 2025.
- Replacement credit facility of up to $500M being negotiated with Bank of America.
- Pro forma total recourse debt as of Dec 31, 2025: ~$1.453B; unrestricted cash $127M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2013745/000119312526003479/0001193125-26-003479-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2013745/000119312526003479/d88229d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-003479

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