Calumet closes $120M sale-leaseback with Stonebriar, will redeem $80M of 2026 Notes

Calumet, Inc. /DE

Extended Shreveport terminal sale-leaseback from $70M to $120M; net proceeds $80M after repaying prior $40M balance.
Monthly rent $1.8M, cost of capital 10.75%, 7-year term with option to repurchase after 6 years for ~$42M.
Calumet delivered notice to redeem $80M aggregate principal of its 11.00% Senior Notes due 2026 at par, redemption date Aug 12, 2025.
CEO Todd Borgmann cites Shreveport reliability improvements driving asset value increase.

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