other material
confidence high
sentiment positive
materiality 0.85
Calumet subsidiary closes $1.44B DOE loan guarantee for SAF expansion
Calumet, Inc. /DE
- Initial tranche of $782M expected to fund this month; Calumet to invest additional $150M equity.
- Expansion targets 300M gallons/year SAF capacity; combined SAF+RD capacity of 330M gallons/year.
- Second tranche disbursed during construction (2025-2028); 15-year tenor at U.S. Treasury + 3/8%.
- Servicing deferred until MaxSAF project commissioned; economic impact: 450 construction jobs.