Calumet Plans $150 Million Redemption of 9.75% Notes Due in 2028

Calumet Specialty Products Partners, L.P. plans to redeem $150 million of its 9.75% senior notes due in 2028 on Oct. 25. The planned redemption would bring debt retired since July to about $265 million as the company continues its debt-reduction effort. Calumet Specialty Products Partners, L.P. and Calumet Finance Corp. gave holders notice of the redemption on Oct. 15. The notes were issued in June 2023 and mature July 15, 2028. The redemption price is 102.438% of principal, plus accrued and unpaid interest through, but excluding, Oct. 25. The notes carry an annual interest rate of 9.75%, payable semiannually on Jan. 15 and July 15. The 102.438% price is the optional-redemption amount for the 12-month period that began July 15, 2026.

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