Calumet, Inc. Completes $150 Million Senior Notes Offering

Calumet, Inc. announced the closing of a private placement of $150 million in aggregate principal amount of 9.75% Senior Notes due 2031. The notes were issued at a premium, generating net proceeds of approximately $154.9 million. These proceeds will be used to repay outstanding borrowings under the company's revolving credit facility. This issuance is an add-on to a previous issuance of the same notes, bringing the total outstanding to $555 million. The company intends to use the additional liquidity to reduce its 2028 notes. Calumet plans to continue generating strong cash flow and unlocking value at Montana Renewables.