Calumet, Inc. /DE (CLMT): debt financing — Calumet closes upsized $405M 9.75% senior notes offering; proceeds to redeem near-term maturities

Calumet, Inc. /DE

Issued $405M of 9.75% Senior Notes due 2031 at 98.996% of par; net proceeds ~$393M.
Offering upsized from $350M; proceeds to redeem all 11.00% 2026 and 8.125% 2027 near-term notes.
CEO Todd Borgmann cited $220M debt reduction in 2025 and $120M H2 cash generation for strong demand.
Notes mature Feb 15, 2031; interest semi-annual starting Aug 15, 2026; callable at 104.875% in 2028.
Equity clawback allows up to 35% redemption at 109.75% prior to Feb 2028; change of control put at 101%.

item 1.01 item 2.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Calumet, Inc. /DE incurred senior notes of $405.0 million at 9.75% maturing February 15, 2031.

Instrument: senior notes
Principal: $405.0 million
Rate: 9.75%
Maturity: February 15, 2031
Event: incurrence

Exact text from the filing

On January 12, 2026, Calumet Specialty Products Partners, L.P. (the “Partnership”) and Calumet Finance Corp. (“Finance Corp.” and, together with the Partnership, the “Issuers”), each a subsidiary of Calumet, Inc. (the “Company”), issued $405.0 million aggregate principal amount of a new series of the Issuers’ 9.75% Senior Notes due 2031 (the “Notes”) in a private placement

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Calumet, Inc. /DE entered into Indenture with Wilmington Trust, National Association valued at $405.0 million (effective 2026-01-12).

Action: entry
Agreement: notes offering
Counterparty: Wilmington Trust, National Association
Value: $405.0 million
Effective: 2026-01-12

Exact text from the filing

The Notes are governed by an Indenture, dated as of January 12, 2026 (the “Indenture”), entered into by the Issuers and certain guarantors named therein with Wilmington Trust, National Association, as trustee.

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101 debt financings filed in the last 30 days. Browse all debt financings →

Calumet, Inc. /DE filing history →

Source: SEC EDGAR

accession 0001193125-26-010438

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