Calumet, Inc. Enhances Its Credit Facility to Secure Financial Stability Through 2031

Calumet, Inc. Enhances Its Credit Facility

Date: January 28, 2026

Calumet, Inc. (NASDAQ: CLMT), known for its diverse range of specialty branded products and renewable fuels, has recently announced significant amendments to its existing asset-based loan (ABL) facility. In a strategic move aimed at bolstering financial stability, the company extended the maturity date of this loan from January 2027 to January 2031. This extension is accompanied by a total commitment of $500 million, subject to borrowing base limitations, demonstrating Calumet's proactive steps towards creating a robust financial foundation.

This revised revolving credit facility is spearheaded by Bank of America, N.A., which will act as the agent for a consortium of lenders. David Lunin, the Executive Vice President and CFO of Calumet, expressed gratitude towards the lending group for their unwavering support, emphasizing the importance of this facility in optimizing the company's debt maturity profile.

“Extending our credit facility enhances our overall financial flexibility, allows for better management of our debt obligations, and offers a larger borrowing capacity following our recent divestiture of the industrial segment of our Royal Purple® business,” Lunin stated. This divestiture, along with the newly amended credit terms, places Calumet in a favorable position to execute its long-term strategic objectives while ensuring it remains well-positioned in a competitive market.

About Calumet

Calumet, Inc. is headquartered in Indianapolis, Indiana, and operates multiple facilities across North America. The company is recognized for its commitment to manufacturing, formulating, and marketing a wide array of specialty products and fuels designed to satisfy the diverse needs of both consumer and industrial sectors. Calumet has built a solid reputation in the marketplace, focusing on quality and customer satisfaction.

Looking Ahead

The recent developments in Calumet's financial strategy come at a crucial time. As we navigate an uncertain economic landscape, the company is focused on securing its financial future and presenting a stable outlook to its investors. The amendment to its credit facility is not just about numbers; it symbolizes a commitment to sustainable growth and operational excellence and plans for efficient capital allocation in the years ahead.

Further insights into this financial maneuver will be available through the Current Report on Form 8-K to be filed with the Securities and Exchange Commission (SEC). Stakeholders and investors are encouraged to review this report for more in-depth information on the implications of this credit extension.

Conclusion

With this strategic credit facility extension, Calumet, Inc. sends a strong message about its financial resilience and forward-focused approach. The company is poised to leverage this multi-year refinancing to enhance its operational capabilities, ensuring continued service excellence across its product portfolio. The confidence shown by its lending group points to Calumet’s promising trajectory as it embraces the future with optimism while steering through industry challenges.