Calumet Inc. Announces $80 Million Partial Redemption of 2026 Senior Notes Following Asset Value Increase

Reuters
Jul 28
Calumet Inc. Announces $80 Million Partial Redemption of 2026 Senior Notes Following Asset Value Increase

Calumet Inc. has announced an extension of its Shreveport terminal asset financing arrangement with Stonebriar Commercial Finance LLC, increasing the asset value to $120 million. This transaction provides Calumet with $80 million in proceeds, which will be used to partially redeem its outstanding 11.00% Senior Notes due 2026. The redemption will cover $80 million of the principal amount at par, plus accrued interest, with the redemption date set for August 12, 2025. Calumet's CEO, Todd Borgmann, highlighted the operational progress at the Shreveport facility as a key factor in increasing the asset's value.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Calumet Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: DE38349) on July 28, 2025, and is solely responsible for the information contained therein.

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