---
schema_version: "secwatch.filing_event.v1"
accession: "0002013745-26-000029"
form_type: "8-K"
ticker: "CLMT"
cik: "0002013745"
company_name: "Calumet, Inc. /DE"
filed_at: "2026-09-01T20:20:21+00:00"
generated_at: "2026-09-01T20:21:07.121060+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Calumet's MRL cuts DOE loan to $815.8M, SAF expansion to 200M gal by 2028

## Summary
- DOE loan principal reduced to $815.8M from $1.44B; capitalized interest to $232.8M; final draw $34M.
- Remaining project capital $137M vs $1.2B original Phase 2; repurposing CMR equipment via lease.
- SAF run-rate targets: 60M gal/yr now, 80M by YE2026, 120M by Spring 2027, 200M by YE2028.
- No third-party equity required; eliminates dilution; MRL earnings fund balance of expansion.
- CMR continues asphalt production, retains jobs; tie-in turnaround Q4 2026 captures ~$50M EBITDA.

## SEC filing metadata
- accession: 0002013745-26-000029
- form_type: 8-K
- ticker: CLMT
- cik: 0002013745
- company_name: Calumet, Inc. /DE
- filed_at: 2026-09-01T20:20:21+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2013745/000201374526000029/0002013745-26-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2013745/000201374526000029/clmt-20260828.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002013745-26-000029
- JSON: https://secwatch.observer/filing/0002013745-26-000029.json
- Plain text: https://secwatch.observer/filing/0002013745-26-000029.txt

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