The Indianapolis-based manufacturer is clearing the notes, originally issued in January 2025, as part of a broader push to stabilize its financial position. CFO David Lunin noted that the move is intended to trim interest expenses, a process supported by recent reductions in borrowings under the company's revolving credit facility during the second quarter.
Calumet to Redeem $100 Million in Senior Notes
Calumet, Inc. has moved to retire $100 million in outstanding debt, issuing a redemption notice for its 9.75% senior notes due 2028. The company plans to execute the full redemption on July 15, 2026, paying out at 102.438% of the principal amount alongside accrued interest.
Calumet maintains that its current operating momentum provides the necessary headroom to continue deleveraging while simultaneously funding growth initiatives. Holders of the securities were previously notified of the redemption terms on July 2, 2026. The company, which operates twelve facilities across North America, produces a mix of renewable fuels and specialty branded products for industrial and consumer markets.
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