Calumet Announces $150M Private Placement of 9.75% Senior Notes

The additional notes will form a single series with Calumet's existing $405M 9.75% senior notes due 2031.

Mar. 12, 2026 at 11:52am

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Calumet, Inc. (NASDAQ: CLMT) announced plans to offer $150 million in aggregate principal amount of 9.75% Senior Notes due 2031 in a private placement. The company intends to use the net proceeds to repay outstanding borrowings under its revolving credit facility.

Why it matters

The additional notes will allow Calumet to refinance existing debt and provide more financial flexibility. As a specialty chemicals and renewable fuels manufacturer, Calumet's ability to access capital markets is crucial for funding operations and growth initiatives.

The details

The new $150 million in 9.75% senior notes will be issued as a further issuance of Calumet's existing $405 million in 9.75% Senior Notes due 2031. The additional notes will have the same terms as the existing notes, except for the initial offering price. Calumet plans to offer and sell the new notes only to qualified institutional buyers and non-U.S. persons.

  • Calumet announced the planned $150 million private placement on March 12, 2026.

The players

Calumet, Inc.

A manufacturer, formulator and marketer of specialty branded products and renewable fuels, headquartered in Indianapolis, Indiana.

Calumet Specialty Products Partners, L.P.

A wholly owned subsidiary of Calumet, Inc. that will issue the new 9.75% senior notes.

Calumet Finance Corp.

A wholly owned subsidiary of Calumet, Inc. that will co-issue the new 9.75% senior notes.

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What’s next

Calumet plans to offer and sell the new $150 million in 9.75% senior notes only to qualified institutional buyers and non-U.S. persons, subject to market conditions.

The takeaway

Calumet's planned $150 million private placement of additional 9.75% senior notes due 2031 will allow the company to refinance existing debt and provide more financial flexibility as it continues to operate its specialty chemicals and renewable fuels businesses.