Calumet Completes $150 Million Private Placement of Senior Notes
Calumet Inc. (CLMT) has completed a $150 million private placement of 9.75% Senior Notes due 2031, with net proceeds of approximately $154.9 million. The funds will be used to repay outstanding borrowings and improve financial flexibility. The company plans to use the liquidity to reduce its 2028 notes once the call premium decreases.
Topics: corporate finance debt financing financial flexibility private placement senior notes