Calumet issues $150M of additional 9.75% Senior Notes due 2031, to repay revolver

Calumet, Inc. /DE

Issued $150M of 9.75% Senior Notes due 2031 at 105% of par; net proceeds ~$154.9M after discount and expenses.
Additional Notes form a single series with $405M existing notes from Jan 12, 2026; mature Feb 15, 2031.
Proceeds used to immediately repay outstanding borrowings under revolving credit facility.
CFO expects additional liquidity to reduce 2028 notes when call premium steps down in July.

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