04:43 AM EST, 01/15/2025 (MT Newswires) -- Calumet (CLMT) said late Tuesday its subsidiaries, Calumet Specialty Products Partners and Calumet Finance, priced a private placement of $100 million of senior notes at 98% of par.

The company said the 9.75% notes mature July 15, 2028, with the offering expected to close Thursday.

Calumet intends to use all of the net proceeds to redeem, in part, the issuers' outstanding 11% senior notes due 2026 on or before April 15.