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

Reuters
Jul 31
Calumet Inc. Announces $80 Million Debt 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 will provide Calumet with $80 million in proceeds, which the company intends to use for the partial redemption of its outstanding 11.00% Senior Notes due 2026. The redemption, set for August 12, 2025, will be executed at a redemption price of par, plus accrued and unpaid interest. This strategic financial move reflects Calumet's ongoing efforts to strengthen its balance sheet and reduce debt obligations.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001558370-25-009845), on July 31, 2025, and is solely responsible for the information contained therein.

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