Calumet Issues Redemption Notice for $150 Million of 9.75% Senior Notes due 2028
Key Highlights
- ➤$150 million of 9.75% Senior Notes due 2028 called for redemption
- ➤Redemption price set at 102.438% of principal plus accrued interest
- ➤Calumet will retire approximately $265 million of debt since July 2026
- ➤Debt reduction expected to save approximately $26 million in annual cash interest
- ➤Redemption reinforces Calumet’s balance-sheet deleveraging commitment
Expert Statements
David Lunin, CFO of Calumet
“Today's announcement to call $150 million of additional debt reinforces our commitment to accelerating debt reduction, strengthening our balance sheet and reducing interest expense”
David Lunin, CFO of Calumet
“The $265 million of debt reduced over the past four months, including the redemption announced today, will result in an annual cash interest savings of approximately $26 million.”
David Lunin, CFO of Calumet
“We believe our strong operating momentum and current industry outlook position us to continue deleveraging while advancing our growth strategies across both our Specialties and Montana Renewables businesses.”
Calumet Issues Redemption Notice for $150 Million of 9.75% Senior Notes due 2028 PR Newswire
INDIANAPOLIS, Oct. 15, 2026 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company" or "Calumet") today announced that its wholly owned subsidiaries, Calumet Specialty Products Partners, L.P. (the "Partnership") and Calumet Finance Corp. (together with the Partnership, the "Issuers"), have given notice for redemption of $150 million of the outstanding 9.75% Senior Notes due 2028 (CUSIP Nos. 131477 AW1 and U13077 AM1) that were originally issued in June 2023 (the "2028 Notes"), to be effected on October 25, 2026 at a cash redemption price of 102.438% of the principal amount, plus accrued and unpaid interest to but not including the redemption date.
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