10:36 AM EST, 01/14/2025 (MT Newswires) -- Calumet (CLMT) said Tuesday its Calumet Specialty Products Partners and Calumet Finance units plan a $100 million private placement of 9.75% senior notes due 2028.

The company plans to use the net proceeds to redeem part of the units' outstanding 11% senior notes due 2026 on or before April 15, 2025.

Separately, Calumet said it aims to sell up to $65 million of its common shares through an at-the-market equity offering program. The company plans to use the net proceeds for general corporate purposes.

Calumet shares were down 7.5% in recent Tuesday trading.

Price: 20.35, Change: -1.65, Percent Change: -7.50