Calumet Announces $100 Million Private Placement of 9.75% Senior Notes due 2028
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Calumet, Inc. announced a $100 million private placement of 9.75% Senior Notes due 2028, subject to market conditions. The offering will be conducted by its subsidiaries under Rule 144A and Regulation S.
January 14, 2025 | 2:45 pm
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Calumet, Inc. is issuing $100 million in 9.75% Senior Notes due 2028 through a private placement, which could impact its credit profile and financial strategy.
The issuance of $100 million in Senior Notes at a high interest rate of 9.75% suggests a strategic move to raise capital, which could affect Calumet's credit profile and financial strategy. However, the impact on stock price is uncertain as it depends on market conditions and investor perception of the company's debt management.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100