Calumet, Inc. announced the final settlement of its private exchange offer for the 11.00% Senior Notes due 2025. The company accepted tenders from holders of an aggregate of $354,399,000 principal amount of Old Notes, exchanging them for newly issued 11.00% Senior Notes due 2026.
Following the settlement of the Exchange Offer, an aggregate of $9,142,000 principal amount of the Old Notes remained outstanding. Calumet has now delivered a notice of full redemption for all of these remaining Old Notes.
The redemption price for the remaining Old Notes is par, plus accrued and unpaid interest to, but not including, the redemption date of December 10, 2024. This action effectively addresses the upcoming maturity of the 2025 notes, extending the company's debt profile and enhancing financial flexibility.
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