Calumet Specialty Products Partners, L.P. and its wholly-owned subsidiary Calumet Finance Corp. (together with the Partnership, the "Issuers") announced the closing of $200 million in aggregate principal amount of a new series of the Issuers' 9.25% Senior Secured First Lien Notes due 2029 in a private placement transaction. The Notes were issued at par for proceeds of $200 million, before estimated transaction expenses. As previously announced, the Partnership used a portion of the net proceeds from the private placement to redeem all of the Issuers' outstanding 9.25% Senior Secured First Lien Notes due 2024. In addition, the Partnership intends to use the remaining net proceeds from the private placement, together with cash on hand, to redeem $50 million in aggregate principal amount of the Issuers' outstanding 11.00% Senior Notes due 2025.
Calumet Specialty Products Partners, L.P.
Equities
CLMT
US1314761032
Oil & Gas Refining and Marketing
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5-day change | 1st Jan Change | ||
16.09 USD | -0.25% |
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+1.84% | -9.96% |
May. 10 | Calumet Specialty Products Partners, L.P. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
May. 10 | Sector Update: Energy Stocks Decline in Friday Afternoon Trading | MT |
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-6.01% | 10.04B | |
+16.78% | 9.84B | |
+37.98% | 9.55B | |
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+61.46% | 4.51B | |
-2.65% | 3.13B | |
+4.38% | 2.82B | |
+10.44% | 2.63B |
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- Calumet Specialty Products Partners, L.P. and Calumet Finance Corp. Announces the Closing of $200 Million in Aggregate Principal Amount of A New Series of the Issuers' 9.25% Senior Secured First Lien Notes Due 2029