Calumet, Inc. /DE (CLMT): debt financing — 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.

item 1.01 item 1.02 item 2.01 item 2.03 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 lease obligation of approximately $120 million with Stonebriar Commercial Finance LLC at approximately 10.75% per year maturing seven-year term.

Instrument: lease obligation
Principal: approximately $120 million
Counterparty: Stonebriar Commercial Finance LLC
Rate: approximately 10.75% per year
Maturity: seven-year term
Event: incurrence

Exact text from the filing

2”) with Stonebriar Commercial Finance LLC (“Stonebriar”). Property Schedule No. 2 supplements the Master Lease Agreement, dated as of February 12, 2021 (the “Master Lease” and, together with Property Schedule No.

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Calumet, Inc. /DE filing history →

Source: SEC EDGAR

accession 0001558370-25-009845

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