03:58 AM EDT, 03/13/2026 (MT Newswires) -- Calumet (CLMT) said late Thursday that its Calumet Specialty Products Partners and Calumet Finance Corp units priced their $150 million private placement of 9.75% senior notes due 2031.

Calumet said the additional notes mature on Feb. 15, 2031, and will be issued at 105% of par value.

Calumet said it intends to use the net proceeds from the offering to repay outstanding loans under its revolving credit facility.

The new notes will be a further issuance of Calumet's existing 9.75% senior notes due 2031, initially issued for $405 million aggregate principal amount on Jan. 12, and will form a single series with identical terms, it said.

The offering is expected to close on Tuesday, the company said.