Calumet Announces Pricing of $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 through its subsidiaries. This move is part of their financial strategy under Rule 144A and Regulation S.
January 15, 2025 | 1:00 am
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Calumet, Inc. has announced a $100 million private placement of 9.75% Senior Notes due 2028. This financial move is likely aimed at raising capital for strategic initiatives or debt refinancing.
The issuance of senior notes suggests Calumet is raising capital, which could be used for growth initiatives or debt management. The high interest rate indicates a cost of borrowing, but the successful placement shows investor confidence. This could positively impact Calumet's financial flexibility and market perception.
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