Calumet Announces Settlement of its Exchange Offer for any and all of the Outstanding 11.00% Senior Notes due 2025 and Issues Notice of Full Redemption for the Remaining 11.00% Senior Notes due 2025
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Calumet, Inc. has announced the settlement of its exchange offer for its 11.00% Senior Notes due 2025, exchanging them for new notes due 2026. Additionally, Calumet has issued a notice of full redemption for the remaining 2025 notes.
November 25, 2024 | 9:45 pm
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Calumet has completed an exchange offer for its 11.00% Senior Notes due 2025, replacing them with new notes due 2026, and announced full redemption of remaining 2025 notes.
The successful exchange offer and redemption of notes improve Calumet's debt profile by extending the maturity date, which is generally positive for the company's financial stability and could be viewed favorably by investors.
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