---
schema_version: "secwatch.filing_event.v1"
accession: "0002013745-24-000017"
form_type: "8-K"
ticker: "CLMT"
cik: "0002013745"
company_name: "Calumet, Inc. /DE"
filed_at: "2024-10-03T23:59:59+00:00"
generated_at: "2026-05-30T21:48:40.623221+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Calumet closes $150M sale-leaseback; receives $110M initially, MRL lease amended

## Summary
- Sale-leaseback of Calumet Montana Refining assets for $150M; initial $110M received; remaining $40M contingent on future financing.
- Cost of capital ~10.75% per year; monthly lease payments ~$1.9M over 9 years; proceeds to repay revolver.
- MRL lease agreements amended to allow early termination upon receipt of proceeds from an Eligible Capital Event, including DOE loan guarantee.
- If MRL repurchases assets on Nov 1, 2024, cost would be approx. $403M.
- No assurance that DOE loan guarantee will be awarded or funded.

## SEC filing metadata
- accession: 0002013745-24-000017
- form_type: 8-K
- ticker: CLMT
- cik: 0002013745
- company_name: Calumet, Inc. /DE
- filed_at: 2024-10-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2013745/000201374524000017/0002013745-24-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2013745/000201374524000017/clmt-20240930x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002013745-24-000017
- JSON: https://secwatch.observer/filing/0002013745-24-000017.json
- Plain text: https://secwatch.observer/filing/0002013745-24-000017.txt

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