---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-010438"
form_type: "8-K"
ticker: "CLMT"
cik: "0002013745"
company_name: "Calumet, Inc. /DE"
filed_at: "2026-01-12T23:59:59+00:00"
generated_at: "2026-05-16T10:58:18.836845+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Calumet closes upsized $405M 9.75% senior notes offering; proceeds to redeem near-term maturities

## Summary
- 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%.

## SEC filing metadata
- accession: 0001193125-26-010438
- form_type: 8-K
- ticker: CLMT
- cik: 0002013745
- company_name: Calumet, Inc. /DE
- filed_at: 2026-01-12T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2013745/000119312526010438/0001193125-26-010438-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2013745/000119312526010438/d20818d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-010438
- JSON: https://secwatch.observer/filing/0001193125-26-010438.json
- Plain text: https://secwatch.observer/filing/0001193125-26-010438.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/2013745/000119312526010438/0001193125-26-010438-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2013745/000119312526010438/0001193125-26-010438-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.