Calumet Announces Expiration and Final Results for its Exchange Offer for any and all of the Outstanding 11.00% Senior Notes due 2025
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Calumet, Inc. announced the expiration and final results of its private exchange offer for its 11.00% Senior Notes due 2025, exchanging them for new notes due 2026.
November 22, 2024 | 1:00 pm
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POSITIVE IMPACT
Calumet, Inc. has successfully completed its exchange offer, replacing its 11.00% Senior Notes due 2025 with new notes due 2026, which may improve its debt profile.
The successful exchange of notes extends the maturity of Calumet's debt, potentially improving its financial stability and reducing near-term refinancing risk. This is likely to be viewed positively by investors, as it demonstrates proactive debt management.
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