INDIANAPOLIS, March 12, 2026 /PRNewswire/ — Calumet, Inc. (NASDAQ: CLMT) announced today the pricing of a $150 million private placement of 9.75% Senior Notes due 2031, according to a company statement. The offering, conducted under Rule 144A and Regulation S, is expected to close on March 17, 2026, subject to standard closing conditions.
The newly issued notes will be sold at 105% of their face value and mature on February 15, 2031. Calumet intends to utilize the net proceeds from this placement to reduce outstanding balances on its existing revolving credit facility, the company stated. These “Additional Notes” will be integrated with $405 million in aggregate principal amount of existing 9.75% Senior Notes due 2031, initially issued on January 12, 2026, sharing the same terms except for the initial offering price.
The securities have not been registered under the Securities Act of 1933, or any state securities laws, and are being offered solely to qualified institutional buyers and non-U.S. Persons outside the United States, in compliance with applicable regulations. The company emphasized that this press release does not constitute an offer to sell or a solicitation of an offer to buy the securities.
Calumet, Inc. Manufactures, formulates, and markets a range of specialty branded products and renewable fuels, serving both consumer and industrial markets. The company operates twelve facilities across North America and is headquartered in Indianapolis, Indiana. According to the company, it serves nearly 2,400 customers globally and operates in over 90 countries.
The company’s filings with the Securities and Exchange Commission (SEC) contain cautionary statements regarding forward-looking statements, noting inherent risks and uncertainties that could cause actual results to differ materially from current expectations.
