08:15 AM EDT, 03/12/2026 (MT Newswires) -- Calumet (CLMT) said Thursday its subsidiaries plan a private placement of $150 million in 9.75% Senior Notes due 2031 to eligible purchasers.

The company said it intends to use net proceeds from the offering to repay borrowings 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, aside from the initial offering price, it added.