Calumet Specialty Products Partners, L.P. announced the closing of the offering for $325 million 2027 senior unsecured notes (the "Offering"). The Partnership intends to use the net proceeds from the Offering, along with cash on hand, to fund the previously announced redemption of all outstanding 7.75% Senior Notes due 2023 (the "2023 Notes") and pay related expenses. Additionally, Calumet recently announced the amendment and extension of the revolving credit facility ("Revolver").

The Revolver has been resized at $500 million and the maturity extended for a five-year term ending in January 2027 with advance rates adjusted upward to provide additional liquidity.