debt
confidence high
sentiment neutral
materiality 0.60
Calumet prices $150M add-on of 9.75% Senior Notes due 2031 to repay revolver
Calumet, Inc. /DE
- $150M principal add-on to existing $405M 9.75% Senior Notes due 2031; issued at 105% of par.
- Net proceeds of ~$154.9M after discount, expenses and accrued interest.
- Proceeds to repay outstanding borrowings under revolving credit facility.
- Tenth Amendment to credit agreement permits the issuance; closing expected March 17, 2026.
item 1.01item 8.01item 9.01