Calumet, Inc.

Indianapolis – October 15, 2026 -- Calumet, Inc. (NASDAQ: CLMT) will redeem $150 million of its 9.75% Senior Notes due 2028 on October 25, 2026, lifting total debt retired since July 2026 to approximately $265 million.

The Issuers, Calumet Specialty Products Partners, L.P. and Calumet Finance Corp., both wholly owned subsidiaries, will pay a cash redemption price of 102.438% of principal, plus accrued and unpaid interest to but not including the redemption date. The notes (CUSIP Nos. 131477 AW1 and U13077 AM1) were originally issued in June 2023.

Calumet expects roughly $26 million in annual cash interest savings

CFO David Lunin said the $265 million of debt reduced over the past four months, including this redemption, will cut annual cash interest by approximately $26 million. He described the move as part of an effort to accelerate debt reduction and strengthen the balance sheet.

Indianapolis – September 06, 2026 -- Calumet, Inc. (NASDAQ: CLMT) has slashed the remaining capital requirement for its Montana Renewables sustainable aviation fuel (SAF) expansion to $137 million, down from the $1.2 billion originally contemplated under a Phase 2 plan backed by the U.S. Department of Energy.

Capital spend drops as Calumet repurposes idle refinery equipment

The reduction comes from redeploying a hydrotreater, hydrogen plant and naphtha splitter from the adjacent Calumet Montana Refining (CMR) asphalt facility under a long-term lease, rather than building new capacity from scratch. The tied-in hydrotreater creates a dual-reactor system running in a lower-yield-loss "polishing" configuration instead of standard "cracking" service.