---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-009845"
form_type: "8-K"
ticker: "CLMT"
cik: "0002013745"
company_name: "Calumet, Inc. /DE"
filed_at: "2025-07-31T23:59:59+00:00"
generated_at: "2026-05-17T22:30:32.712083+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-25-009845
- form_type: 8-K
- ticker: CLMT
- cik: 0002013745
- company_name: Calumet, Inc. /DE
- filed_at: 2025-07-31T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2013745/000155837025009845/0001558370-25-009845-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2013745/000155837025009845/clmt-20250725x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-009845
- JSON: https://secwatch.observer/filing/0001558370-25-009845.json
- Plain text: https://secwatch.observer/filing/0001558370-25-009845.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2013745/000155837025009845/0001558370-25-009845-index.htm

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