Calumet Calls $150M of 2028 Notes, Targets $26M Interest Savings
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.