08:49 AM EST, 11/22/2024 (MT Newswires) -- Calumet (CLMT) said Friday that about $354.4 million of 11% senior notes due 2025 were validly tendered in its private exchange offer for newly issued 11% senior notes due 2026.

The tendered amount represents about 97.5% of the outstanding old notes, according to the company.

Settlement for the exchange offer, which expired Thursday, is expected to occur on or about Monday, Calumet said.