#United States #Calumet #Senior Notes #Indianapolis #Debt Reduction

Calumet Announces Redemption of Senior Notes

In a significant move to strengthen its financial standing, Calumet, Inc. (NASDAQ: CLMT) has declared that its subsidiaries, Calumet Specialty Products Partners, L.P. and Calumet Finance Corp., will redeem $150 million of their outstanding 9.75% Senior Notes due 2028. This strategic redemption, which will occur on October 25, 2026, will be carried out at a cash redemption price of 102.438% of the principal amount, in addition to any accrued interest up to the redemption date.

This announcement follows a series of strategic steps by Calumet to enhance its balance sheet. Earlier in July 2026, the company redeemed $100 million of the same Senior Notes issued in January 2025, alongside wrapping up a financing arrangement of $15.5 million tied to their Montana terminal assets. With the latest announcement, Calumet will have successfully eliminated approximately $265 million in debt over the past four months alone, marking a significant reduction in their financial liabilities.

David Lunin, Chief Financial Officer of Calumet, commented on the development, stating, "Our decision to redeem $150 million of additional debt underscores our unwavering commitment to accelerating debt reduction, enhancing our financial stability, and minimizing interest expenses." He further explained that this comprehensive debt reduction, which has reached $265 million since July, will yield an annual cash savings of around $26 million in interest payments.

The management at Calumet believes that their strong operational progress and the positive outlook for the industry will support ongoing efforts to reduce leverage while pursuing growth strategies in their Specialties and Montana Renewables sectors. This confidence is reflected in their continuous commitment to adhere to rigorous financial management practices aimed at uplifting the company's overall sustainability and operational efficiency.

The company clarified that this announcement does not serve as a formal notice of redemption concerning the 2028 Notes. Details surrounding the redemption process were outlined in a notice distributed to noteholders earlier.

About Calumet

Calumet, Inc. is renowned for manufacturing, formulating, and marketing a diverse range of specialty branded products and renewable fuels. The firm serves various consumer and industrial markets and is based in Indianapolis, Indiana, where it operates twelve facilities throughout North America.

Forward-Looking Statements Warning

As with any forward-looking statement, certain assumptions are made regarding this announcement, with risks that could lead to results differing from expectations. Factors influencing these outcomes include market conditions, debt management strategies, regulatory compliance, and competitive dynamics. Investors are encouraged to refer to further disclosures filed with the Securities and Exchange Commission (SEC) that detail potential risks and uncertainties.

In conclusion, Calumet's proactive financial strategies signify not only a dedication to debt reduction but also a robust roadmap for future growth and financial resilience.