Calumet Prices $150 Million Private Placement of Senior Notes Due 2031
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Calumet Specialty Products Partners and Calumet Finance Corp have priced a $150 million private placement of 9.75% senior notes due 2031, maturing on February 15, 2031, and issued at 105% of par value. The proceeds will be used to repay outstanding loans under its revolving credit facility. This issuance will be a further addition to the existing 9.75% senior notes initially issued for $405 million on January 12, forming a single series with identical terms. The offering is expected to close on Tuesday.
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