Calumet specialty products partners, l.p. enters into support agreement and announces commencement of exchange offer for any and all of outstanding 11.00% senior notes due 2025

Indianapolis , oct. 23, 2024 /prnewswire/ -- calumet, inc. (nasdaq: clmt) (the "company" or "calumet") today announced that its wholly owned subsidiaries, calumet specialty products partners, l.p. (the "partnership") and calumet finance corp. ("finance corp." and, together with the partnership, the "issuers"), with the support of the holders of a majority of their 11.00% senior notes due 2025 (the "old notes"), have commenced a private exchange offer (the "exchange offer") to each eligible holder (as defined below) of their old notes to exchange any and all of the old notes for newly issued 11.00% senior notes due 2026 (the "new notes"), upon the terms and subject to the conditions set forth in the confidential offering memorandum, dated october 23, 2024 (the "offering memorandum").
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