secwatch.observer — SEC 8-K summary
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Issuer:     Calumet, Inc. /DE (CLMT)
CIK:        0002013745
Form:       8-K
Filed at:   2025-07-31T23:59:59+00:00
Accession:  0001558370-25-009845
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 1.02, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2013745/000155837025009845/0001558370-25-009845-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2013745/000155837025009845/clmt-20250725x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-009845

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer