Calumet (CLMT) Closes $150M Private Placement of Senior Notes
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowCalumet Inc. (CLMT) closed a private placement of $150 million in 9.75% Senior Notes due 2031 on March 17. The notes were issued at 105% of their par value, leading to net proceeds of approximately $154.9 million after discounts and expenses. The capital raised will be used to repay outstanding borrowings under its revolving credit facility, enhancing financial flexibility in a volatile commodity market. This deal also follows a strong operational performance in 2025 and aligns with plans to reduce 2028 notes debt when the call premium decreases in July.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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